Locker Facility
Meaning A Locker Facility is a secure storage service offered by banks where customers can keep valuable items…
Nominee
Meaning A Nominee is a person chosen by the account holder to receive money or assets in case…
NPA (Non-Performing Asset)
Meaning NPA full form is Non-Performing Asset. NPA refers to a loan or advance where the borrower has…
SLR (Statutory Liquidity Ratio)
Meaning SLR full form is Statutory Liquidity Ratio. SLR is the minimum percentage of deposits that banks must…
Standing Instruction
Meaning A Standing Instruction is a request given to a bank to automatically make payments or transfers on…
Passbook
Meaning A Passbook is a small booklet provided by banks that lists all the transactions of a savings…
Priority Sector Lending
Definition Priority Sector Lending is a requirement where banks must lend a certain percentage of their loans to…
Savings Account
Meaning A Savings Account is a basic type of bank account where you can keep money securely and…
Internal Audit
Meaning Internal Audit is a process where a bank checks its own systems, records, and operations to ensure…
KCC (Kisan Credit Card)
Meaning KCC full form is Kisan Credit Card. The Kisan Credit Card (KCC) is a special loan facility…