CRR (Cash Reserve Ratio)
Meaning CRR stands for Cash Reserve Ratio. CRR is the minimum percentage of a commercial bank’s deposits that…
Current Account
Definition A Current Account is a type of bank account primarily used by businesses, companies, and professionals for…
Customer ID
Meaning A Customer ID is a unique number assigned by a bank to identify each account holder. Purpose…
ECS (Electronic Clearing System)
Definition ECS stands for Electronic Clearing System. ECS, or Electronic Clearing System, is a digital method to transfer…
EMI (Equated Monthly Installment)
Meaning EMI stands for Equated Monthly Installment. EMI is the fixed amount paid every month to repay a…
Flexi Fixed Deposit
Meaning Flexi Fixed Deposit is a hybrid account combining a savings account and fixed deposit, allowing automatic fund…
Floating Interest Rate
Definition A Floating Interest Rate is a loan or deposit interest rate that changes periodically based on market…
Floating Rate
Meaning Floating Rate is an interest rate or return that adjusts automatically according to market trends, similar to…
IFSC Code
Definition IFSC stands for Indian Financial System Code. IFSC Code is a unique alphanumeric code used to identify…
UPI Dispute Resolution
Meaning UPI Dispute Resolution is the process of resolving disagreements between a payer and merchant regarding a transaction.…