What is TT selling and TT Buying? TT selling and TT buying rates are decided by particular banks based on their position with that particular currency with respect to home currency. It is basically rates at which other currencies are bought or sold in terms of home currency. USD can be bought or sold by […]
Category: Banking
What is the difference between a traveller’s cheque and a traveller’s currency card?
What Is a Traveler’s Check? A traveler’s check is a once-popular but now largely outmoded medium of exchange utilized as an alternative to hard currency. The product typically is used by people on vacation in foreign countries. It offers a safe way to travel overseas without cash. The issuing party, usually a bank, provides security […]
How much Lakh Crore Rupees ? 20 Lakh crore in Numbers ?
How much Lakh Crore Rupees ? 20 Lakh crore in Numbers ? Goverment – PM Modi announced a Rs 20 lakh crore huge economic stimulus package. The nationwide lockdown began on March 24, the RBI and the government have been them announced roughly Rs 7.1 lakh crore of stimulus, if one were to treat fiscal and […]
Top 10 Private Banks in India 2020
After getting acquainted yourself with the top 10 nationalized banks in India, now it’s time to know about the top 10 private banks in India. First of all, know about what is a private bank. Unlike a nationalized bank, in a private bank, the majority of shares are not held by the government. Instead, they […]