What does STC mean in texting?
What does STC mean in texting?
Subject to Change
What is STC full form?
If the offer is accepted, then the property is Sold Subject to Contract (Sold STC). Sold “Subject to Contract” (STC) or “Under Offer” (UO) means that the homeowner has accepted an offer from a buyer but no contract has been signed..
What is STC in banking?
STC. Short-Term Consultant + 1 variant. Business, Management, Technology.
What is IPM in banking?
1. IPM. Informed Portfolio Management. Fund, Business, Management. Fund, Business, Management.
What is NOP in banking?
The regulation provides among others that the Net Open Position (NOP) of foreign currency assets and liabilities (on and off-balance sheet) of a bank should not exceed 20% of its shareholders’ funds unimpaired by losses.
What are the basic banking terms?
Glossary of Basic Banking Terms
- Account. A type of financial property or financial obligation that is held and owned under your name.
- ACH (Automated Clearing House).
- APR (Annual Percentage Rate).
- APY (Annual Percentage Yield).
- ATM (Automated Teller Machine).
- Available balance.
- Cash equivalents.
- Certificate of deposit (CD).
What is CRR and SLR?
CRR or cash reserve ratio is the minimum proportion / percentage of a bank’s deposits to be held in the form of cash. SLR or statutory liquidity ratio is the minimum percentage of deposits that a bank has to maintain in form of gold, cash or other approved securities.
What is it called when you get money from the bank?
The bank will pay you for every dollar you keep in your savings account. The money the bank pays you is called interest. The bank wants to use your money to make loans – that is, lend people money. People often borrow money from the bank to buy expensive things, like houses and cars. Here’s how it works.
What happens to money deposited in a bank?
Consumers deposit money and the deposited money can be withdrawn as the account holder desires on demand. These accounts often allow the account holder to withdraw funds using bank cards, checks, or over-the-counter withdrawal slips.
Can the bank use your money?
Banks use your money to make money Each time you make a deposit, your bank essentially borrows some of that money from your account and lends it out to other borrowers, whether it’s an auto or home loan, a personal loan, or credit.
Do banks pay you interest?
How does savings account interest work? The interest rate determines how much money a bank pays you to keep your funds on deposit. If the account has a 1.00% interest rate and the interest compounds annually—that is, the bank pays you interest on your balance once each year—you’ll earn $50 after the first year.
Which bank gives interest monthly?
Top banks monthly income FD interest rates for senior citizens
| Bank | Interest Rate | Tenure |
|---|---|---|
| Axis Bank | 2.50% – 6.25% | 7 Days – 10 Years |
| ICICI Home Finance | 4.55% – 6.70% | 12 Months – 120 Months |
| Kotak Bank | 3.00% – 5.80% | 7 Days – 10 Years |
| PNB Housing Finance | 6.15% – 6.95% | 12 Months – 120 Months |
What is maintaining balance?
Maintaining Balance is the Minimum Average Daily Balance we should have in our savings account or checking account every month. Why is there a Maintaining Balance requirement?
Which bank required minimum balance?
List of All Banks Savings Account Interest Rates and Minimum Balance 2021
| List of Savings Account Banks | Minimum Balance Required(INR) |
|---|---|
| HDFC Bank | /25000 |
| ICICI Bank | 0//td> |
| IDBI Bank | /td> |
| IDFC Bank | 25000 |
Which bank account is best?
All Banks Savings Account Interest Rates April 2021
| List of Savings Account Banks | Minimum Balance Required (INR) | Savings Account Interest Rates (Per Annum) |
|---|---|---|
| RBL Bank | 5000 | 4.75% – 6.75% |
| South Indian Bank | 0/2500/5000 | 2.35% – 4.50% |
| State Bank of India (SBI) | 0 | 2.75% |
| Syndicate Bank | 0//td> | 2.90% – 3.20% |
Which bank has lowest minimum balance?
8 Best Zero Balance Savings Account In India
- IDFC First Bank Pratham Savings Account.
- YES Bank Smart Salary Advantage.
- IndusInd Bank-Indus Online Savings Account.
- DBS-DigiSavings.
- Kotak Mahindra Bank-811 Digital Bank Account.
- HDFC Bank – Basic Savings Bank Deposit Account.
- SBI – Basic Savings Bank Deposit Account.
- Standard Chartered Basic Savings Bank Deposit Account.
How can I know my SBI MAB?
Select the bank account whose Monthly Average Balance you want to check. After selecting your bank account click on “Click here for last 10 transactions.” Now click on “Click here for MAB” to know your monthly average balance of the selected account.
What happens if SBI account balance is zero?
SBI Minimum Balance Rules: SBI customers will be able to operate their savings accounts with any balance, and keeping zero balance will not attract any penalty.
Can we keep SBI zero balance?
Currently, SBI customers have to maintain Average Monthly Balance (AMB) of Rs 3,000, Rs 2,000 and Rs 1,000 in metro, semi urban and rural areas, respectively. Accountholders have to pay penalties in the range of Rs 5 to Rs 15 plus taxes on non-maintenance of AMB. Now all of them can maintain zero balance accounts.
What is the minimum balance in BOI?
Charges for Non-Maintaining Average Quarterly Balance
| Metro/Urban | |
|---|---|
| Maintenance of minimum Average Quarterly Balance(AQB) | Rs. 1000/- |
| Minimum Balance Charge | Rs. 200/- per quarter |
| Charges will be levied as under | |
| AQB is in the range | % of Penal Charge |