Banking

Difference Between IMPS and NEFT

NEFT and IMPS are two types of RTGS systems based on the nature of fund transfer. NEFT and IMPS is an electronic funds transfer system that facilitates person-to-person and bank-to-bank money transfer transactions between different bank accounts in India. IMPS and NEFT are exceptionally similar, yet they are different too. IMPS vs NEFT The difference …

Difference Between IMPS and NEFT Read More »

Difference Between CRR and SLR

Every country’s central bank is responsible for keeping an eye on inflation and enforcing certain controls on money circulation in the industry. The CRR and SLR are key economic strategies for managing inflation and money flow in the country. Through these, the RBI manages bank lending capacity.  CRR vs SLR  The difference between CRR and SLR …

Difference Between CRR and SLR Read More »