Meaning UPI-enabled Apps are mobile or web applications that allow users to send and receive money using the…

Definition A Bank Locker is a safe storage facility provided by banks where customers can keep valuable items…

Meaning UPI Reconciliation is the process of comparing UPI payment records with bank statements to ensure that all…

Meaning Cheque Bounce occurs when a bank refuses to honor a cheque due to insufficient funds, signature mismatch,…

Meaning A Business Correspondent (BC) is a person or company appointed by banks to provide banking services in…

Definition CTS stands for Cheque Truncation System. It is a system where physical cheques are converted into electronic…

Definition Branchless Banking means providing banking services without a physical branch. It uses technology like mobile banking, ATMs,…

Definition Call Money is a short-term loan given by banks to other banks, repayable on demand, usually within…

Meaning A Demand Draft (DD) is a prepaid instrument issued by a bank to transfer money from one…

Definition A Commercial Bank is a financial institution that accepts deposits, provides loans, and offers other banking services…