Category: Information

SLR stands for Statutory Liquidity Ratio in banking. It is the minimum percentage of deposits that commercial banks in India are required to maintain in the form of liquid assets…

Money moves differently in business. A salaried person may receive income once a month, but a shopkeeper, trader, contractor, company, or service provider may receive and send money many times…

AEPS stands for Aadhaar Enabled Payment System. It is a digital banking system developed by the National Payments Corporation of India (NPCI) that allows customers to perform basic banking transactions…

SMA stands for Special Mention Account in banking. It is a classification used by banks and financial institutions to identify loan accounts that show early signs of financial stress or…

TRTR stands for Transfer Transaction in banking. It is a transaction code commonly seen in bank statements, passbooks, mini statements, and online banking records. Banks use the term TRTR to…

Jana 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…

IMPS stands for Immediate Payment Service. It is a real-time electronic money transfer system that allows customers to send and receive money instantly between bank accounts in India. Developed by…

NACH stands for National Automated Clearing House. It is a centralized electronic payment system developed by the National Payments Corporation of India (NPCI) to simplify bulk transactions between banks. NACH…

ECS stands for Electronic Clearing Service. It is an electronic mode of transferring funds from one bank account to another in bulk. ECS was introduced by the Reserve Bank of…

CIF stands for Customer Information File in banking. It is a unique digital file created by banks to store all important information related to a customer. Every bank customer is…