Schemes and Mobile Apps launched by Banks in India

Schemes and Mobile Apps launched by Banks in India All Schemes and Apps are listed below: M-wallet ‘SBI Buddy‘ – State Bank of India (SBI) Mobile app SIB MIRROR – South Indian Bank  “Chillar” – Hdfc Bank  China’s first online Banking “webank” – Tancet Holdings  DDA Housing Scheme 2014 – HDFC Bank  Digital Banking “Pocket” – ICICI Bank  Digital Village

Types of Banking

Types of Banking Para banking– When Bank provide added banking services/facilities except the general banking facilities. Narrow Banking– When banks invest its money in government securities instead investing in market to avoid risk. Overseas Banking- Banks having branches in other countries besides its origin country. Ex: Bank of Baroda Offshore Banking– Bank which accept currency

Types of Bank Accounts available in INDIAN Banking System

Types of Bank Accounts available in INDIAN Banking System BANK ACCOUNTS: 1. Demand Deposit Account- Cheque and/or ATM facility. 2. Term Deposit Account- No Cheque and/or ATM facility. Saving Account: -For individuals -Limited Transaction -Annual interest rate on daily basis Current Account: -For Business purposes -No limitation on transaction -No interest charge -Overdraft allowed FD


NEFT Q.1. What is NEFT? Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the

[PDF] Important Banking Abbreviations

[PDF] Important Banking Abbreviations Abbreviations are arranged alphabetically ACF – Auto-Correlation Function AD –Authorized Dealer ADB – Asian Development Bank ADR – American Depository Receipt AFS – Annual Financial Statement AFS –Available For Sale AGM – Annual General Meeting AIRCSC – All India Rural Credit Survey Committee ALM – Asset Liability Management ANBC – Adjusted