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 […]
Difference Between Bank and Building Society
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. Despite […]
Difference Between Bank and Banking
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, […]
Difference Between Postal Order and Money Order and Cheque
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 […]
Difference Between Credit Card and ISIS Mobile Wallet
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 […]
Difference Between Loan and Borrow
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 sense of […]
Difference Between Credit Union and Bank
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 […]
Difference Between RTGS and NEFT
RTGS vs NEFT If you are an Indian, you know how troublesome it was to send money to another account in India earlier. But today, with technologies such as RTGS and NEFT being in place, it is fast, easy and simple to transfer funds electronically. Though, both are electronic fund transfers, there are some differences […]
Difference Between RTGS and SWIFT
RTGS vs SWIFT Those who are close to banking industry know about the acronyms SWIFT and RTGS very well. In fact, in modern times when transfer of funds from one bank to another, not just nationally but internationally has become commonplace, people are talking and using these technologies on a much regular basis. While RTGS […]
Difference Between Swiss Bank and Normal Bank
Swiss Bank vs Normal Bank Why would people in all parts of India be attracted to Swiss banks when they have so many banks operating in their own countries? This is one question that is hard to answer as local banking is always easier than banking with a bank that is located so many thousands […]
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