Author: Akash Sharma

MMID full form in banking is Mobile Money Identifier. It is a unique 7-digit number issued by a bank to a customer for making mobile-based fund transfers through IMPS. MMID…

BC stands for Business Correspondent in banking. A Business Correspondent is an authorized representative appointed by banks to provide basic banking and financial services in areas where full bank branches…

AGM stands for Assistant General Manager in banking. It is a senior-level managerial position in banks and financial institutions. An Assistant General Manager is responsible for supervising banking operations, managing…

DRC stands for Debt Recovery Certificate in banking. It is an official certificate issued by a Debt Recovery Tribunal (DRT) that authorizes banks and financial institutions to recover unpaid loan…

DPD stands for Days Past Due in banking and finance. It is a term used by banks and financial institutions to measure the number of days a loan payment or…

CTS stands for Cheque Truncation System in banking. It is an electronic cheque clearing system introduced by the Reserve Bank of India (RBI) to make cheque processing faster, safer, and…

DSA stands for Direct Selling Agent in banking. A Direct Selling Agent is an individual or agency authorized by banks and financial institutions to help promote and sell banking products…

FTD stands for Fixed Term Deposit in banking. It is a type of deposit account where customers invest money in a bank for a fixed period at a predetermined interest…

Utkarsh Small Finance Bank is a private sector bank in India. It is not owned by the Government of India and operates under private ownership and management. Many people become…

Capital Small Finance Bank is a private sector bank in India. It is not owned by the Government of India and operates under private ownership and management. Many people become…