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BANKING RELATED CODES | general knowledge | prudhviinfo

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BANKING RELATED CODES

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BANKING RELATED CODES


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⭐️CBS - Core banking solution

⭐️CIBIL - Credit Information Bureau(India) Ltd

⭐️CRISIL - Credit Rating Information Services of India Limited

⭐️EFT - Electronic Fund transfer

⭐️EMI - Equated Monthly Installment

⭐️FDI - Foreign Direct Investment

⭐️FEMA - Foreign Exchange Management Act

⭐️FERA - Foreign Exchange Regulations Act

⭐️IFSC - The Indian Financial System Code

⭐️MICR - Magnetic Ink Character Recognition

⭐️MSME - Micro Small and Medium Enterprises

⭐️NBFC - Non Banking Finance Companies

⭐️NEFT - National Electronic Fund Transfer

⭐️PAN - Permanent Account Number

⭐️RTGS - Real Time Gross Settlement System

⭐️Banks come under the second schedule of RBI

Ans : Scheduled Bank

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