Difference Between

Banking vs Finance   Banking and finance are two different matters of subject, collectively referring to the services provided by banking and non-banking financial institutions. The two terms are easily confused as the same thing but are quite distinct in terms of the content of the services provided by banking... 

Banking vs Investment Banking Banking is one of the most closely regulated sectors in an economy that is also largely responsible for the country’s financial health and economic growth. Banking over the years has evolved to suit different purposes, and investment banking is one such formation to suit investment... 

Commercial Paper vs Commercial Bill We keep hearing terms like Commercial Paper (CP) and Commercial Bill in financial and corporate circles without ever understanding their significance and importance. These financial instruments serve two different purposes. Despite having the word commercial prefixed, there... 

Current Balance vs Available Balance Have you been confused by the statement slip coming out of the ATM machine that mentions both current balance and available balance in your bank account? Often it so happens that you go to your bank presenting a withdrawal slip thinking that you have the money in your account,... 

POSB vs DBS DBS bank, having its origins in the island country of Singapore is the largest bank is South East Asia. It was set up in 1968 by Singapore government to promote development through this financial institution. It was then known as The Development Bank of Singapore, and hence the name. The name was... 

Investment vs Merchant Banking Bank is an organization that provides a range of financial and some non financial services to its customers. The main source of income, that makes the bank survive is the interest charged from those to whom the bank has given loan. A bank accepts deposits from its customers and... 

Visa vs Visa Electron | Visa Debit vs Visa Electron Visa is an electronic funds payment company headquartered in California, and is operating in nearly all the countries of the world today. Visa is not a card issuing company, but operates through financial institutions all over the world. Visa holds nearly 40% market... 

Bank vs Post Office Post office has traditionally been a place used by people for purposes other than for which they go to a bank. While post offices have been there to provide mailing services and handle people’s and governmental mails, letters and envelopes along with parcels, banks have been used for banking... 

Bank Rate vs Repo Rate There are financial instruments in the hands of apex or central banks of the nations to control money supply and thus, inflation and many other monetary situations in the economy. Bank rate is one such tool that controls the amount of money in the economy and is regularly used by the central... 

Repo Rate vs Reverse Repo Rate If repo and reverse repo are new words for you, it is logical to first learn something about repo rate, because it becomes easier to understand reverse repo rate then. It may come as news to many, but it is a fact that even banks face shortfall of funds in the face of increased... 

Bank vs Building Society Banks are financial institutions that we are all aware of. In fact, all of us have experience of having an account with a bank and availing its services. However, not many people know about building societies that serve similar functions like banks and are owned by members of the society.... 

Bank vs Banking Bank is an organization or a company like any other company, which sells and buys goods and services in the market. The main difference between other companies and banks is that, other companies are trading goods and services for money, but in the case of bank the trading item itself is MONEY, instead... 

Postal Order vs Money Order vs Cheque What do you do to send money to another person if you do not have an account in your name with the cheque book facility? Use a money order or a postal order, you would say. It is true, but this doesn’t point out the differences between the three financial instruments;... 

Credit Card vs ISIS Mobile Wallet | Master Card vs ISIS Mobile Wallet | VISA Card vs ISIS Mobile Wallet | AMEX vs ISIS Mobile Wallet Credit Card Payment Systems were introduced in the Global Market for a couple of reasons. Some of the advantages of credit cards are:  first you can get some credit from the bank... 

Loan vs Borrow Loan and Borrow are two words that are often confused due to some sort of similarity in their meanings. Strictly speaking there is indeed some difference between the two words. The word ‘borrow’ is used with the inner sense of ‘take’, whereas the word ‘loan’ is used with the inner... 

Credit Union vs Bank We all know about banks as we have been to banks ever since we were small kids with our parents and then when we grew up and opened our own savings accounts. We know a little bit about credit unions also; they are financial institutions that work along similar lines and one can have an account...