'RTGS' stands for Real Time Gross Settlement. As the name indicates, settlement in RTGS is done on a real time. It is an online system through which the funds can be transferred from one institution...

A nationalized bank is formed when the government takes a bank and its assets into its ownership. A nationalized bank is also referred as a public sector bank. A public sector bank is owned and operated by the...

A public sector bank is a bank in which the major part of stake or equity is held by the government. Private sector banks are banks in which greater part of stake or equity lies in the hands of private...

A nationalised bank is any commercial bank that is bought and controlled by the government. Most of these banks are formed by the conversion of commercial banks. Nationalized banks are also known as public...

A salary account is a bank account designed and offered mainly to salaried persons. A current account, on the other hand, is an account which is designed to suit the needs of businessman, firms, companies,...