Banking

The Reserve Bank of India (abbreviated as ‘RBI’) is the central bank and the chief regulatory body of all financial bodies in India. The RBI is under the ownership of the Government of India, and it is solely responsible for controlling,...

BHIM App is a payment transaction platform that operates on the Unified Payments Interface (UPI) system. It is a digital payment solution that helps customers perform financial transactions, including sending and receiving funds in real-time. Funds...

UPI IDs are unique codes that are different for each customer and are used to facilitate financial transactions between merchants and customers. A UPI ID offers a Virtual Payment Address for customers who can enter it while transferring money to...

One of the main handlers in India’s endeavour to develop its economy rapidly is the financial sector. With the financial sector reforms and the changing commercial practices, the legal framework related to commercial transactions was not pacing....

MSME, i.e., Ministry of Micro, Small, and Medium Enterprises, is an apex body launched by the Government of India. This scheme is designed in agreement with the MSME Development Act of 2006. The units engaged in the manufacturing, production,...

When you compute your annual income then sometimes DA is added to it. But many individuals don’t know the DA Full Form. The Full Form of DA in Salary is Dearness Allowance. It is a component of a salary and the amount of DA is a certain...

ACF is a banking term that is often used when you apply for a loan. But many people are unaware of the ACF full form. The full form of ACF is Account Credit Facility and it is the type of loan given to businesses and corporate firms. It helps the...

LIC is a public limited insurance company that offers various plans whether you are buying a life insurance plan or an investment insurance plan. If you aren’t aware of the LIC full form then you must see it in this blog. The full form of LIC is...

The banking sector has uplifted the financial management in India. Now, almost every individual has a bank account and they enjoy various services from the bank. Banking has become easier because of the introduction of CBS. CBS has made it...

It is difficult for an individual to buy a home, making all the payments together. So, home loans are the helping hand that fulfill's the wish to buy a home. But when you apply for a home loan you must have come across a term OC. Many individuals...