Learn the most important banking terms every customer and banking aspirant should understand to build financial confidence and career readiness.
An FD is a deposit where money is invested for a fixed period at a predetermined interest rate, usually higher than a savings account.
An RD allows you to save a fixed amount every month for a chosen period while earning interest.
KYC (Know Your Customer) is the process banks use to verify customer identity and address through official documents. It protects against fraud and ensures secure banking.
Continue expanding your banking vocabulary by reading financial news, practicing definitions, and learning new concepts regularly.