Category: Information

EOD full form in banking is End of Day. It refers to the closing stage of daily banking operations when a bank completes, verifies, and finalizes all transactions processed during…

IDBI Bank is officially classified as a private sector bank, but it still has strong government involvement. This is why many people get confused about whether it is a government…

Equitas 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…

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…

Banking is not the same for every customer. A salaried person needs a savings account, debit card, personal loan, UPI facility, and maybe a home loan. A business owner needs…

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…