Banking
Pay Order vs Demand Draft
 Pay order and demand draft are basically used for the same purpose, but are different from each other. A pay order is a mode of payment that to be cleared in the very specific branch of the bank that issued it... |
Cashier vs Bookkeeper
 Cashier is the term used to describe a person who collects cash as part of a business transaction that is purchase/sale of goods and services. Bookkeeper is a term used to describe a person who maintains a... |
Check vs Electronic Check
 A check or cheque refers to a document that authorizes and provides instructions to order a certain amount of payment from a bank account. Check as a term is used to indicate a paper check, whereas electronic... |
NEFT, RTGS, ACH, Wire, EFT vs IMPS
 'RTGS' stands for Real Time Gross Settlement. It is an online system through which the funds can be transferred from one institution to the other, within the country in real time. ‘NEFT’ stands for... |
Swift Code vs Routing Number
 SWIFT code is a short for an even longer acronym known as SWIFT/BIC - Society for Worldwide Inter-bank Financial Telecommunication/ Bank Identifier Code. SWIFT code is a code that is assigned to an institution... |
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