Customer ID

byPaytm Editorial TeamLast Updated: October 21, 2025

Meaning

A Customer ID is a unique number assigned by a bank to identify each account holder.

Purpose

It helps banks manage accounts, link services, and track transactions securely.

You May Also Like

Capital BudgetingFebruary 4, 2026

Meaning This critical financial process helps businesses make informed investment decisions concerning significant expenditures.Definition Capital Budgeting is the…

Suraksha Bandhan YojanaOctober 16, 2025

Meaning This initiative focuses on financial well-being and security for citizens.Overview The Suraksha Bandhan Yojana is a government-backed…

PortabilityOctober 15, 2025

Meaning Portability is the ability to easily move or transfer something between different systems, devices, or environments without…

Mutual FundNovember 10, 2025

Meaning A mutual fund is an investment vehicle that pools money from numerous investors to collectively invest in…

Clearing HouseLast Updated: November 14, 2025

Meaning A Clearing House is an organization that helps banks and financial institutions settle payments and transactions among…

Debt FundLast Updated: December 29, 2025

Meaning & Definition A debt fund is a type of mutual fund that invests mainly in fixed-income securities…