UPI
Unified Payments Interface
A real-time payment system developed by the National Payments Corporation of India that enables instant inter-bank transactions through mobile phones.
Examples:
- Mobile Payments
- QR Code Payments
- Peer-to-Peer Transfers
- Merchant Payments
Related Terms:
MBA
Master of Business Administration
A postgraduate degree that focuses on developing the skills needed for careers in business and management. The program covers various aspects of business operations and management principles.
Examples:
- Business Strategy
- Financial Management
- Marketing Management
- Operations Management
Related Terms:
PAN
Permanent Account Number
A Permanent Account Number (PAN) is a unique ten-character alphanumeric identifier issued by the Income Tax Department of India. It serves as a crucial document for financial transactions and tax purposes.
Examples:
- Tax Filing
- Bank Account Opening
- High-Value Transactions
- Investment Registration
Related Terms:
IAS
Indian Administrative Service
The Indian Administrative Service is the administrative arm of the All India Services. IAS officers play a key role in implementing policies at the national and state levels.
Examples:
- District Magistrate
- Chief Secretary
- Cabinet Secretary
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NEFT
National Electronic Funds Transfer
A nation-wide payment system facilitating one-to-one funds transfer between bank accounts in India.
Examples:
- Online Money Transfer
- Vendor Payments
- Salary Disbursement
Related Terms:
HTTP
Hypertext Transfer Protocol
A protocol that defines how messages are formatted and transmitted on the World Wide Web, enabling communication between web browsers and servers.
Examples:
- Web Browsing
- API Communication
- Data Transfer
- Web Services
Related Terms:
CBSE
Central Board of Secondary Education
A national level board of education in India that oversees public and private schools, providing standardized education and conducting examinations.
Examples:
- Board Examinations
- School Curriculum
- Academic Standards
- Educational Policies
Related Terms:
FD
Fixed Deposit
A Fixed Deposit (FD) is a financial instrument provided by banks that provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
Examples:
- Term Deposit
- Bank FD
- Corporate FD
- Tax Saving FD
Related Terms:
INR
Indian Rupee
Indian Rupee (INR) is the official currency of India, issued and regulated by the Reserve Bank of India (RBI). It is widely used for all domestic transactions and is an important currency in international trade.
Examples:
- Domestic Currency
- International Trade
- Foreign Exchange
- Monetary Policy
Related Terms:
OTT
Over The Top
Over The Top (OTT) refers to streaming media services offered directly to viewers via the Internet, bypassing traditional cable, broadcast, and satellite television platforms.
Examples:
- Video Streaming
- Audio Streaming
- Messaging Services
- Internet Telephony
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CPR
Cardiopulmonary Resuscitation
An emergency lifesaving procedure performed when the heart stops beating.
Examples:
- Chest Compressions
- Rescue Breathing
- AED Usage
Related Terms:
RTGS
Real Time Gross Settlement
A funds transfer system where transfer of money takes place from one bank to another on a real time basis.
Examples:
- High Value Transactions
- Corporate Payments
- Property Purchase