Meaning Floating Rate is an interest rate or return that adjusts automatically according to market trends, similar to…
Definition A Floating Interest Rate is a loan or deposit interest rate that changes periodically based on market…
Meaning Flexi Fixed Deposit is a hybrid account combining a savings account and fixed deposit, allowing automatic fund…
Meaning EMI stands for Equated Monthly Installment. EMI is the fixed amount paid every month to repay a…
Definition ECS stands for Electronic Clearing System. ECS, or Electronic Clearing System, is a digital method to transfer…
Meaning A Customer ID is a unique number assigned by a bank to identify each account holder. Purpose…
Definition A Current Account is a type of bank account primarily used by businesses, companies, and professionals for…
Meaning CRR stands for Cash Reserve Ratio. CRR is the minimum percentage of a commercial bank’s deposits that…
Definition UPI Fraud Detection is the system used to identify and prevent fraudulent or suspicious transactions in real…