CRR (Cash Reserve Ratio)June 21, 2025

Meaning CRR stands for Cash Reserve Ratio. CRR is the minimum percentage of a commercial bank’s deposits that…

Current AccountJune 21, 2025

Definition A Current Account is a type of bank account primarily used by businesses, companies, and professionals for…

Customer IDJune 21, 2025

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

ECS (Electronic Clearing System)June 21, 2025

Definition ECS stands for Electronic Clearing System.  ECS, or Electronic Clearing System, is a digital method to transfer…

Flexi Fixed DepositJune 21, 2025

Meaning Flexi Fixed Deposit is a hybrid account combining a savings account and fixed deposit, allowing automatic fund…

Floating Interest RateJune 21, 2025

Definition A Floating Interest Rate is a loan or deposit interest rate that changes periodically based on market…

Floating RateJune 21, 2025

Meaning Floating Rate is an interest rate or return that adjusts automatically according to market trends, similar to…

IFSC CodeJune 21, 2025

Definition IFSC stands for Indian Financial System Code. IFSC Code is a unique alphanumeric code used to identify…

UPI Dispute ResolutionJune 21, 2025

Meaning UPI Dispute Resolution is the process of resolving disagreements between a payer and merchant regarding a transaction.…