Meaning Accidental Death Benefit is an insurance feature that pays an additional amount if the insured person dies…

Meaning Actuarial Valuation is a financial analysis used to estimate future obligations, mainly for insurance and pension plans.…

Meaning An Actuary is a trained professional who uses mathematics, statistics, and financial models to estimate future risks.…

Meaning A Locker Facility is a secure storage service offered by banks where customers can keep valuable items…

Meaning A Nominee is a person chosen by the account holder to receive money or assets in case…

Meaning NPA full form is Non-Performing Asset. NPA refers to a loan or advance where the borrower has…

Meaning SLR full form is Statutory Liquidity Ratio. SLR is the minimum percentage of deposits that banks must…

Meaning A Standing Instruction is a request given to a bank to automatically make payments or transfers on…

Meaning A Passbook is a small booklet provided by banks that lists all the transactions of a savings…

Definition Priority Sector Lending is a requirement where banks must lend a certain percentage of their loans to…