A savings scheme where a fixed amount is deposited every month for a predetermined tenure
A mutual fund plan where investors invest through a distributor
A floating interest rate on loans directly linked to the RBI's repo rate. Introduced in October 2019 for new home loans
The rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities. When the repo rate rises
The central bank of India established in 1935
A provision under GST where the liability to pay tax shifts from the supplier to the recipient of goods or services. Applies in specific situations notified by the government
An offer made by a company to its existing shareholders to buy additional shares at a discounted price before the offer is made to the public. Allows companies to raise capital while giving existing shareholders the opportunity to maintain their ownership percentage.
Real Time Gross Settlement — a payment system for high-value transactions where funds are transferred instantly and individually
An investment strategy where a fixed amount is invested at regular intervals regardless of market levels