Mobile Banking vs Internet Banking The key difference between Mobile Banking and Internet Banking lies in the fact that Mobile banking is an app-based facility provided by banks that lets the users execute bank transactions and other similar activities using internet on their mobile phones whereas internet banking allows the …
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Overdraft vs Loan The key difference between Overdraft and Loan lies in the fact that an overdraft is a credit given on a current account up to a fixed credit limit, whereas a loan is a fixed amount of capital borrowed from the bank for a definite time. In overdraft, …
Scheduled Banks vs Non-Scheduled Banks The key difference between Scheduled Banks and Non-Scheduled Banks lies in the fact that for the regular purpose, scheduled banks can take money from Reserve Bank of India, while non-scheduled banks cannot take any money from RBI. The cash reserve in a scheduled bank is …
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Public Sector Banks vs Private Sector Banks The key difference between Public Sector and Private Sector Banks lies in the fact that public sector banks are the banks owned by the government, while individuals or business entities own private sector banks’ most of the shares. Public sector bank offers a …
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Unit Banking vs Branch Banking The difference between Unit banking and Branch banking lies in the fact that unit banking is independent of any other entity and branch can be one of the many branches of the bank. Unit banking refers to the provision of banking services through a single …
Read moreDifference Between Unit Banking and Branch Banking (With Table)