Gross NPA vs Net NPA NPA, or, Nonperforming assets are the loans that have been left unpaid for a long time after the completion of the repayment time. Such assets are added to the balance sheets of the bank after a long period. NPA’s are a kind of burden to …
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Overdraft vs Demand Draft The backbone of the modern economy is the banking system. It is one such financial institution on which almost all individual and business entity depends on. The banking institution around the world offers various monetary arrangements for ease of financial transactions. Overdraft and Demand draft are …
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Stale Cheque vs Post Dated Cheque The terms: Stale cheque and Post-dated cheque, are two of the many types of cheques that can be cashed in by an individual at a bank. When a cheque has a date written on it which is three months or more before the time …
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UPI vs Internet Banking Unified Payment Interface (UPI) and Internet banking are two of the most commonly used banking tools which facilitate the user to perform several baking operations through the internet. The difference between UPI and Internet Banking is that UPI is mainly used to transfer funds (both peer …
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Internet Banking vs Debit Card Internet Banking and Debit card are two different methods of conducting monetary transactions. Internet banking is carried out through the bank’s official website whereas to use a Debit Card, the account number has to be entered. The Debit Card is also used to withdraw cash …
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Mobile Money vs Mobile Banking Mobile money and Mobile Banking are two separate terms for a modernized way of cashless transaction. Mobile money and Mobile banking, both are maintained by the financial institution that provides the service for the users. Through Mobile money, one can pay, receive and store money …
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Pound vs Quid The currency of a country is the backbone of its economy. However, the countries such as Sweden that have gone completely paperless, there are many paper currencies in the world such as Dollar, Pound, and Euro. Pound is a popular currency in prevalence in many countries. It …
Merchant Banking vs Wholesale Banking Merchant Bank is an entity that performs different types of financial activities for its clients. This bank does not provide any regular banking services to the general public. They manage international finances and provide services like raising funds, providing financial advice to businessmen, etc. There …
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Internet Banking and NEFT The difference between Internet banking and NEFT is, Internet banking, is very effective for the customers as they do not need to go to the bank for numerous banking activities and only after few simple clicks the job is done while just sitting at the comfort …
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EFT vs RTGS The difference between EFT and RTGS is, EFT transaction is settled individually on any amount and there is no minimum value of amount whereas RTGS transaction mainly focusses on the big value of amount and settled in real-time. Banks are the licensed financial institutions that help customers …
