Banking

Difference Between Cash and Fund

Every business needs money to run. To even think about running a business, the first thought that will come to anyone’s mind is how much money will be required. Now to let the business survive and grow, a business person might borrow loans from family members or banks; it is in this context that people …

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Difference Between Accounting Profit and Taxable Profit

Public or Private Corporates or organizations are running businesses to earn or maximize profits. Higher profitability show business success, positive sustainability, and better market share. Business enterprises always try to find opportunities that offer more revenues or profits by implementing effective strategies. But high profit also means they need to pay higher taxes that will …

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Difference Between EFT and ACH

Electronic Funds Transfer (EFT) refers to a method of transferring money from one bank account to another one directly. It does not in any way entail the use of paperwork. It includes direct deposits, wire transfers, automated teller machines, debit and credit cards, and electronic checks to name but a few! An automated clearing house …

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Difference Between Scheduled Banks and Non-Scheduled Banks

Apart from public and private banks, there is another categorization of banks viz scheduled and non-scheduled banks. Scheduled Banks vs Non-Scheduled Banks The main difference between Scheduled Banks and Non-Scheduled Banks is that Scheduled banks can take money from Reserve Bank of India, while non-scheduled banks cannot take any money from RBI. The cash reserve …

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