Unit and branch banking are the two popular types of banks. <span class=\" Conclusion Well, as you may well have noted, the differences between the unit banking and branch banking are as far wide as the heavens are from the earth. These vast differences notwithstanding, they are still great and useful to any economy. Their …
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When you reach out to any bank for opening a saving or current account, you will find that there are two types of banks viz public and private banks. Readers who read this also read: Difference Between Cooperative Banks and Public Sector Banks (With Table) Difference Between Public Sector Bank and Nationalized Bank (With Table) …
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Common in the banking industry, the words overdraft and loan make one of the most confusing pairs of words. Notably, both of the words involve borrowing cash from a financial institution. Readers who read this also read: Difference Between Overdraft and Term Loan (With Table) Difference Between Overdraft and Cheque (With Table) Difference Between Overdraft …
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Apart from public and private banks, there is another categorization of banks viz scheduled and non-scheduled banks. Readers who read this also read: Difference Between Scheduled and Nationalized Bank (With Table) Difference Between Cooperative Banks and Public Sector Banks (With Table) Difference Between Nationalised Banks and Cooperative Banks (With Table) Scheduled Banks vs Non-Scheduled Banks …
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Banks act as intermediaries between borrowers and depositors. They’re the financial institutions involved with the task of accepting deposits, lending, and offering a broad range of investment products. Readers who read this also read: Difference Between Merchant Bank and Investment Bank (With Table) Difference Between Mortgage and Merchant Bank (With Table) Difference Between Merchant Bank …
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A letter of credit is a financial instrument that is issued out by one bank to another one. The receiving bank is often located in a foreign nation. Its role is to guarantee the payments which are made to one person and is governed by a stringent set of rules and regulations. Readers who read …
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Banking plays a crucial role in facilitating trade and investments in the modern economy. These institutions come in various kinds. The differences are mainly brought about by the unique roles they play in facilitating the economy. Of the many kinds that are available, the investments and the merchant banks stand out. You may also like: …
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Whenever you want to take a loan or a credit card from a financial institution like bank or NBFC, you will hear them talk about credit report and credit score. Readers who read this also read: Difference Between Secured and Unsecured Credit Card (With Table) Difference Between Credit Score and Mortgage Score (With Table) Difference …
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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! Readers who read this …
Bank rate is the interest at which the Central Bank of any nation provides a loan to its domestic banks. It is usually given against government securities and for a shorter or a longer period of time. MSF rate is the rate charged by the Central bank of the nation (RBI) to its domestic banks …
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