Banks have been a great help for everyone around the world. With the growth of money and the bank along with the technology, individuals remain assured about the safety of their money. Transferring money through banks has also been a great aid and time-saving for many across the world. But …
Read moreDifference Between Sort Code and Swift Code (with Table)
In its essence the word ‘loan’ refers to the borrowing of any particular object by a person or a collective from another with the intent of returning it within a stipulated amount of time. In the banking and financial sector, this word has a more specific connotation. Here, a loan …
Read moreWhat is Loan? Definition, Components, Advantages and Disadvantages
Banking has become the foundation of modern economic activity. Banks offer various financial services like saving, loans, and fund transfer. Whether it is an individual or a business entity, everyone uses banking services in their daily life. Doing financial activity securely will become nearly impossible without proper banking service. However, …
Read moreWhat is Branch Banking? | Working, Guide, Pros and Cons
Banking is an essential part of modern economic activity. Doing large financial transactions is nearly impossible without a banking system. In many places, it is also illegal to do large financial transactions without a bank. However, all banks do not operate in the same way. Depending upon their financial capacity, …
Read moreWhat is Unit Banking | Working, Merits and Demerits
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 lending financial institutions. NPA is …
Read moreDifference Between Gross NPA and Net NPA (With Table)
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 two features that most …
Read moreDifference Between Overdraft and Demand Draft (With Table)
Stale and post-dated cheques are two of the many types of cheques that can be cashed in by an individual at a bank. Stale Cheque vs Post Dated Cheque The difference between stale and post-dated cheque is the period in which they can be presented for payment by the individual. …
Read moreDifference Between Stale Cheque and Post Dated Cheque (With Table)
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. UPI vs Internet Banking The difference between UPI and Internet Banking is that UPI is mainly used to transfer funds (both peer …
Read moreDifference Between UPI and Internet Banking (With Table)
Internet Banking and Debit card are two different methods of conducting monetary transactions. Internet Banking vs Debit Card The difference between Internet banking and debit card is that while using Internet Banking, the customer is supposed to have an online account on his/her bank’s official website and the user ID …
Read moreDifference Between Internet Banking and Debit Card (With Table)
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. Mobile Money vs Mobile Banking The difference between Mobile money and Mobile banking is that …
Read moreDifference Between Mobile Money and Mobile Banking (With Table)
