NACH (National Automated Clearing House)
Definition NACH stands for National Automated Clearing House. It is an electronic payment system developed by the National…
Maturity Benefit
Meaning Maturity Benefit is the amount an insurance company pays to the policyholder when a life insurance policy…
Payment Switch
Definition A Payment Switch is a system that routes payment requests between banks, card networks, and payment service…
mPIN
Full Form & Definition mPIN stands for Mobile Personal Identification Number. It is a 4–6 digit code used…
Bharat QR
Definition Bharat QR is a unified QR code system launched by NPCI, in collaboration with card networks, to…
Bharat BillPay
Meaning Bharat BillPay is a centralized bill payment system regulated by the Reserve Bank of India and operated…
AutoPay
Definition AutoPay is a feature that allows users to set up automatic, recurring payments for bills, subscriptions, EMIs,…
Aadhaar Seeding
Definition Aadhaar Seeding is the process of linking an individual’s Aadhaar number with their bank account or government…
Digital KYC
Meaning The full form of KYC is Know Your Customer. Digital KYC is the paperless, online method of…
Cybersecurity in Banking
Definition Cybersecurity in Banking refers to the practices, technologies, and tools used to protect digital financial systems from…