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Mastering Banking Vocabulary: Essential Terms You Need to Know As someone who works in the banking industry, I know how important it is to have a good understanding of banking vocabulary. Whether you’re new to banking or have been in…
Understanding Credit Cards: How Debt Consolidation Can Help You Manage Your Finances As someone who has worked in the financial industry for several years, I have seen firsthand how credit cards can be both a blessing and a curse.…
Differences between a Current account and a Savings account The main differences between a current account and a savings account are their purpose and usage. A savings account is designed for individuals who want to save money over time and…
What is RD ? RD stands for Recurring Deposit. It is a type of investment scheme offered by banks and other financial institutions in which an individual can deposit a fixed amount of money at regular intervals of time (usually…
What is FD ? FD stands for Fixed Deposit. It is a type of investment scheme offered by banks and other financial institutions in which an individual deposits a fixed amount of money for a fixed period of time, and…
What is Saving Account ? A savings account is a type of bank account that allows you to save money while earning interest on your deposits. With a savings account, you can deposit money and earn interest on the…
What is Current Account ? A current account is a type of bank account that is typically used for business or commercial purposes. Unlike a savings account, which is designed for saving money and earning interest, a current account…
