Features of Credit Cards
Credit cards refer to those products which are marketed by bank as buy now pay later product, in simple words if you have credit card then you do not need to pay cash while making purchases, one has to...
View ArticleFeatures of Recurring Deposit
Recurring deposit is the term which is used in the context of bank deposits, in recurring deposit schemes individuals can deposit fixed amount every month and earn interest on those deposits at rates...
View ArticleDifference between Saving and Current Account
Saving and current account are the terms which you will hear when you go to bank for opening an account with bank. However they both are different and that is the reason why an individual should know...
View ArticleAdvantages of Retail Banking
Retail banking is a concept which is relatively new and all banks are giving thrust to retail banking, it refers to providing banking services to individual customers and focus is on small ticket...
View ArticleAdvantages and Disadvantages of Cash Credit
Cash credit as the name suggests is a type of loan, but it is a short-term source of finance which is offered by banks to their customers. Under this facility bank give a loan up to certain limit...
View ArticleDifference between Term Loan and Demand Loan
Loan in simple words refers to taking the money now and paying back that money later with interest to the borrower. It can be of many types, term and demand loans are two of its variants, let’s look at...
View ArticleAdvantages and Disadvantages of Unsecured Loan
Unsecured loan can be compared with gas filled balloon if gas – filled balloon is given to kids at home then it is secure because even if the kid loses the balloon then balloon won’t go anywhere and...
View ArticleDifference between FD and RD
FD and RD are the terms used in the context of banking; they both are saving instruments offered by the banks to the customers. Both FD and RD give interest on the savings, however, there are many...
View ArticleAdvantages and Disadvantages of Public Sector Banks
Public sector banks are those financial institutions in which government holds more than 51 percent stake and also has controlling power of the bank. In order to understand more about public sector...
View ArticleBank Overdraft – Taking Water from Others Bucket (Advantages and Disadvantages)
Bank overdraft is the term used in the context of banking. Under this facility a bank allows an individual to withdraw money even when the account of the individual does not have enough funds. It can...
View ArticleFeatures of Microfinance
Banks and financial institutions provide loans or finance to many people like self-employed people such as doctors, chartered accountants, lawyers or to salaried individuals or to small and big...
View ArticleFeatures of Term Loan
In case of goods, while some goods like fruits, vegetables are consumed as soon as they are bought while some goods like furniture item, electronics are used for a long period of time, similar is the...
View ArticleDifference between FD and RD
FD and RD are the terms used in the context of banking; they both are saving instruments offered by the banks to the customers. Both FD and RD give interest on the savings, however, there are many...
View ArticleAdvantages and Disadvantages of Public Sector Banks
Public sector banks are those financial institutions in which government holds more than 51 percent stake and also has controlling power of the bank. Public sector banks are the backbone of the...
View ArticleBank Overdraft – Taking Water from Others Bucket (Advantages and Disadvantages)
Bank overdraft is the term used in the context of banking. Under this facility a bank allows an individual to withdraw money even when the account of the individual does not have enough funds. It can...
View ArticleFeatures of Microfinance
Banks and financial institutions provide loans or finance to many people like self-employed people such as doctors, chartered accountants, lawyers or to salaried individuals or to small and big...
View ArticleFeatures of Term Loan
In case of goods, while some goods like fruits, vegetables are consumed as soon as they are bought while some goods like furniture item, electronics are used for a long period of time, similar is the...
View ArticleAdvantages and Disadvantages of Car Loan
Car and own house are two dreams which every individual wants to achieve during his or her lifetime, in the past as far as cars are concerned people use to save first and then purchase a car but times...
View ArticleFeatures of Retail Banking
Retail Banking Meaning Retail in simple words refers to the selling of goods or services in small quantities to a large number of people and in case of banking when a bank provides a variety of...
View ArticlePrinciples of Sound Lending
Banks or financial institutions which are in the business of lending have to be very careful while lending the funds to borrowers because in case of loans you can ask from borrower anything whether its...
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