Mutual funds are great for most investors — diversified, regulated, accessible from Rs.100. But for someone with Rs.50 lakh or more to invest, and specific…
POS stands for Point of Sale. In banking and retail, POS refers to both the physical location where a transaction…
Invest a fixed amount every month in a mutual fund, no matter what the markets are doing. That is a…
If banks were left entirely to market forces, they would concentrate their lending in the most commercially attractive segments —…
A loan application can look completely clean on paper and still be entirely fraudulent. Forged salary slips, fake income tax…
UTR stands for Unique Transaction Reference. It is a unique alphanumeric reference number automatically generated by the banking system for…
RRB stands for Regional Rural Bank. Regional Rural Banks are government-owned scheduled commercial banks that operate at the regional level…
If you maintain a sizeable relationship with your bank — a large deposit, an active loan, or an investment portfolio…
UPI stands for Unified Payments Interface. It is a real-time digital payment system developed by the National Payments Corporation of…
TRF stands for Transfer — specifically, Funds Transfer. It is a generic abbreviation that appears in bank statements, passbooks, and…
TRTR stands for Transfer Transaction. It is a bank statement abbreviation used by many Indian banks to indicate that a…
