Banking and Finance Blog
In this article we provide the information related to the transaction code number in cheque. A standardized set of transaction codes has been established for universal application across all banks. These codes, intended for pre-printing on cheques, consist of two-digit numbers ranging from 01 to 99. The allocation is such that codes 01 to 49 … Read more
In this article we will provide the information related to DPN full form that is DEMAND PROMISSORY NOTE. Now lets understand more about DPN WHAT IS DPN FULL FORM ? DPN stands for Demand Promissory Note. It’s a document used by banks when a loan doesn’t have a fixed repayment period. WHAT DPN … Read more
In this article we will provide the information related to the RTR full form in banking and the meaning and implications of RTR in the banking realm. In the intricate world of banking, acronyms and abbreviations often dominate the landscape. One such acronym, RTR full form, holds significant importance, standing as a key determinant in … Read more
This article provides the information higher pension EPFO and addresses various aspects, including documentation requirements and the calculation of pensionable salary. The Employees Provident Fund Organisation (EPFO) has recently released a revised set of Frequently Asked Questions (FAQs) to guide individuals through the process of opting for higher pensions following the Supreme Court ruling in … Read more
This article aims to provide the information related to link intime IPO allotment status and demystify the intricate process of IPO Allotment Status, offering detailed insights into the process, how to check it, and the critical factors that influence allotment. In the dynamic and ever-evolving landscape of finance, the allure of Initial Public Offerings (IPOs) … Read more
In this article we will provide the information related to ABS full form in banking and we unravel the intricacies of Asset-Backed Securities (ABS), shedding light on their origin, structure, benefits, downsides, and a crucial historical context. WHAT ARE ASSET-BACKED SECURITIES (ABS)? Asset-Backed Securities (ABS) represent a financial instrument derived from a pool … Read more
In this article, we provide the information related to AACS full form in banking and its multifaceted meanings across various domains. Here, we unravel the mystery of AACS full form, with a spotlight on its significance in the banking sector. INTRODUCTION TO AACS Abbreviations play a crucial role in simplifying communication, streamlining complex … Read more
Mutual Funds SIP Calculator Monthly Investment Amount (₹): Expected Annual Rate of Return (%): Investment Period (Years): Calculate SIP const monthlyRate = rateOfReturn / 1200; const totalMonths = investmentPeriod * 12; const futureValue = investmentAmount * (((Math.pow(1 + monthlyRate, totalMonths)) – 1) / monthlyRate); document.getElementById(‘result’).innerHTML = `The future value of your SIP investment is ₹${futureValue.toFixed(2)}`; … Read more
Dear Bankers in this article we will provide the information related to the Finacle 10 commands. Finacle 10, also known as Finacle X, is making waves in the banking industry. Some banks have already switched to Finacle 10, while others are in the process of doing so. Finacle 10 is the upgraded version of Infosys’ … Read more
In this article we will provide the information related to Why is market down today? WHY IS MARKET DOWN TODAY ? SENSEX AND NIFTY 50 The stock market faced a significant drop today. The Sensex closed over 931 points lower at 70,506.31. Nifty 50 also experienced a decline, closing at 21,150.15 down by 302.95 … Read more