Govt. Exams
Entrance Exams
Pradhan Mantri Fasal Bima Yojana (PMFBY) provides crop insurance protection to farmers against crop failure due to natural calamities.
KYC (Know Your Client) is a mandatory compliance process to verify customer identity and assess their financial profile.
A Promissory Note is a negotiable instrument that represents a written promise to pay a specified sum to a creditor.
Pradhan Mantri Jan Dhan Yojana targets financial inclusion by opening basic bank accounts for all citizens, especially the unbanked.
UPI is a real-time payment system developed by NPCI and promoted by RBI for seamless fund transfers.
KYC (Know Your Client) is a mandatory process for banks to verify customer identity and assess potential risks of illegal activities.
The RBI is the central bank and primary regulator of payment systems in India, including NEFT, RTGS, and UPI.
DICGC provides deposit insurance coverage of ₹5 lakhs per depositor per bank to ensure depositor security.
Amortization is the process of gradually paying off a loan through regular, scheduled installments over time.
SWIFT is the Society for Worldwide Interbank Financial Telecommunication, used for secure international fund transfers.
