Most Commonly Used Banking Terms.
Most Commonly Used Banking Terms.
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- Bank Rate : It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends.
- Bouncing of a cheque : When an account has insufficient funds the cheque is not payable and is returned by the bank for a reason "Exceeds arrangement" or "funds insufficient".
- CRR (Cash Reverse Ratio) : The amount of funds that a bank keep with the RBI. If the percentage of CRR increases then the amount with the bank comes down.
- Cheque : It is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.
- Core Banking Solutions (CBS) : In this, all the branches of the bank are connected together and the customer can access his/her funds or transactions from any other branch.
- Debit Card : This is a card issued by the bank so the customers can withdraw their money from their account electronically.
- Demat Account : The way in which a bank keeps money in a deposit account in the same way the Depository company converts share certificates into electronic form and keep them in a Demat account.
- E-Banking : It is a type of banking in which we can conduct financial transactions electronically. RTGS, Credit cards, Debit cards etc come under this category.
- EFT (Electronic Fund Transfer) : In this, we use Automatic teller machine, wire transfer and computers to move funds between different accounts in the different or same bank.
- Fiscal Deficit : It is the amount of Funds borrowed by the government to meet the expenditures.
- Initial Public Offering (IPO) : It is the time when a company makes the first offering of the shares to the public.
- Leverage Ratio : It is a financial ratio which gives us an idea or a measure of a company’s ability to meet its financial losses.
- Liquidity : It is the ability to convert an investment quickly into cash with no loss in value.
- Market Capitalization : The product of the share price and a number of the company’s outstanding ordinary shares.
- Mortgage : It is a kind of security which one offers for taking an advance or loan from someone.
- Mutual Fund : These are investment schemes. It pools money from various investors in order to purchase securities.
- Pass Book : It is a book where all the bank transactions are recorded.They are mainly issued to Current or Savings Bank account holders.
- Repo Rate : Commercial banks borrow funds from the RBI if there is any shortage in the form of rupees. If this rate increases it becomes expensive to borrow money from RBI and vice versa.
- SLR (Statutory Liquidity Ratio) : It is the amount that a commercial bank should have before giving credits to its customers which should be either in the form of gold, money or bonds.
- Savings Bank Account : This is an account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal.
- Teller : He/she is a staff member of the bank who cashes cheques, accepts deposits and perform different banking services for the general mass.
- Universal Banking : When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as universal banking.
- Virtual Banking : Internet banking is sometimes known as virtual banking. It is called so because it has no bricks and boundaries. It is controlled by the world wide web.
- Wholesale Banking : It is similar to retail banking with a slight difference that it mainly focuses on the financial needs of the institutional clients and the industry.
- Zero Coupon Bond : It is a bond that is sold at a good discount as it has no coupon.
അയ്യങ്കാളി .
കേരളത്തിൽ നിലനിന്നിരുന്ന അസ്സമത്വങ്ങൾക്കും അനാചാരങ്ങൾക്കും എതിരെ പോരാടിയ, കേരള നവോത്ഥാന നായകരിൽ പ്രമുഖനാണ് മഹാത്മാ അയ്യൻകാളി. 1863 ആഗസ്റ്റ് 28 ന് തിരുവനന്തപുരം ജില്ലയിലെ വെങ്ങാനൂര് ഗ്രാമത്തില് പെരുങ്കാട്ടു വിള വീട്ടില് അയ്യന്റെയും മാലയുടെയും മകനായാണ് അയ്യങ്കാളി ജനിച്ചത്. അയ്യങ്കാളിയുടെ ബാല്യകാല വിളിപ്പേര്, കാളി. അധസ്ഥിത ജന വിഭാഗങ്ങള്ക്...
Common Insurance Terms And Definitions in Malayalam.
ആനുവിറ്റി ഇൻഷുറൻസ് കാലാവധി പൂർത്തിയാകുന്ന സമയം മുതൽ നിശ്ചിത കാലയളവുകളിൽ ഇൻഷ്വർ ചെയ്യപ്പെട്ട ആളിനോ ബന്ധുക്കൾക്കോ നിശ്ചിത തുക നൽകുന്നതിനുള്ള കരാറാണിത് .
ആരോഗ്യ ഇൻഷുറൻസ് അസുഖം മൂലമോ അപകടം മൂലമോ ഉണ്ടാകുന്ന ചികിത്സ ചെലവുകൾ വഹിക്കുന്നതിനും നഷ്ടപരിഹാരം ലഭിക്കുന്നതിനുമുള്ള ഇൻഷുറൻസ് .
എംഎസിടി മോട്ടോർ ആക്സിഡന്റ് ക്ലെയിംസ് ട്രൈബ്യുണ...
Goods and Service Tax (GST) launched on 30th June from midnight. GST is the biggest tax reform in India and can be beneficial for the Indian Economy. According to the Govt. of India, the GST must help India to fight against corruption and black money. It is a ‘Good and Simple’ tool through which the people of every sector of India including the poor can get benefited. Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. .
Multi-staged as it is, the GST is imposed at every step in the production process but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.
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