Bank Locker
Definition A Bank Locker is a safe storage facility provided by banks where customers can keep valuable items…
Cheque Bounce
Meaning Cheque Bounce occurs when a bank refuses to honor a cheque due to insufficient funds, signature mismatch,…
Business Correspondent
Meaning A Business Correspondent (BC) is a person or company appointed by banks to provide banking services in…
Cheque Truncation System (CTS)
Definition CTS stands for Cheque Truncation System. It is a system where physical cheques are converted into electronic…
Branchless Banking
Definition Branchless Banking means providing banking services without a physical branch. It uses technology like mobile banking, ATMs,…
Call Money
Definition Call Money is a short-term loan given by banks to other banks, repayable on demand, usually within…
Demand Draft (DD)
Meaning A Demand Draft (DD) is a prepaid instrument issued by a bank to transfer money from one…
Commercial Bank
Definition A Commercial Bank is a financial institution that accepts deposits, provides loans, and offers other banking services…
UPI Transaction Status
Meaning UPI Transaction Status shows whether a UPI payment is successful, pending, or failed. It is an essential…
Bank Branch
Definition A Bank Branch is a physical office of a bank where customers can do transactions like depositing,…