INDIAN BANKING TERMS GLOSSARY PDF DOWNLOAD!
A cheque for which the bank guarantees payment, Banks in India do not generally, certify cheques See also Glossary term, “account balance. Banks in India do not generally, certify cheques. on 54 Charge back A credit card transaction, which is returned or See also Glossary term, "account balance. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating.
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Important banking terms – SBI, IBPS PO/ Clerk/ SO/ RRB Exam
Doing banking from a indian banking terms glossary from which food, newspapers, tickets, etc are also sold Leverage Ratio: It is the ability of converting an investment quickly into cash with no loss in value.
It is a kind of security which one offers for taking an advance or loan from someone.
These are investment schemes. It pools indian banking terms glossary from various investors in order to purchase securities. Rate of interest at which a bank gives loan to its most reliable customer i. Credit-worthy You are judged to be qualified to have credit. Current Account An account used for commercial purpose.
It attracts no rate of interest and is generally charged by the bank with maintenance charges. There is no limit to the number of transactions in this type of account.
Current assets Short-term assets, constantly changing in value, such as stocks, debtors and bank balances Current liabilities Short-term liabilities, due to be paid in less than one year, such as bank overdrafts, money owed to suppliers and employees. Custodial Account An account created for the benefit of a minor with an adult as indian banking terms glossary custodian.
Debenture An instrument for raising long-term debt. Debentures in India are typically secured by tangible assets. Debt An amount of money you owe to banks or credit issuers.
BANKING, FINANCE & ECONOMIC TERMS GLOSSARY – IMS
More specifically, it is the amount of money that you have borrowed. It is the percentage of your income that goes to paying your debts every month. Debt ratio usually gives a clear picture of your overall financial well-being. To calculate your debt ratio, first add up all your monthly income including take-home pay after taxes.
Then add up all indian banking terms glossary monthly payments for interest bearing loans and accounts, such as mortgages, student loans, credit cards and car loans.
Banking Terms and Definition- Alphabetically
Finally, divide your monthly payments by your income. This means that you should look carefully at your monthly payments and start decreasing your overall level of debt, including credit cards.
You should immediately stop accumulating debt and start looking for ways to decrease your debt or increase your income. Default Failure to repay a loan according to the agreed indian banking terms glossary terms Deferred Payment Payments put off to a future date or extended over a period of time.
Interest will usually still accumulate during deferment.
Reserve Bank of India - Glossary
Demat Account concept has revolutionized the capital market of India. When a depository company takes paper shares from an investor and converts them in electronic form through the concerned company, it is called Dematerialization of Shares.
Indian banking terms glossary converted Share Certificates in Electronic form are kept in a Demat Account by the Depository Company, like a bank keeps money in a deposit account.
Deposit at Call Receipts issued to customers for amount deposited and repayable on demand.
Glossary of Banking Terms
A facility normally extended for payment of earnest money deposits in tenders. Depreciation Depreciation means a decline in the value of capital asset. It represents a cost of ownership and the consumption indian banking terms glossary an asset over time.