GLOSSARYS. NoTermDefinition1Accrued InterestInterest that accumulates on the unpaid principal balance of a loan.2AcquirerAcquirers are banks and financial institutions that collaborate with businesses to accept credit/debit card payments.3Advance BookingBooking of vehicle with the manufacturer through advance payment.4Agreement stamping chargesCharges paid by the customer for stamping of financing agreement.5AmortizationLoan payments by equal periodic amounts calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.6Amortization ScheduleInformation of Equal Monthly Installments (EMI) with breakup of principal & Markup along with loan outstanding.7Annual Fee / Renewal FeeAn annual fee typically charged to customers with credit cards/revolving line facilities for maintenance of their facilities.8Applicable rateRate applied on the facility.9Application/Loan application formA form to be filled in and signed as per the Bank’s requirements to avail Banking facilities. Requirement of details to be filled in will vary for each facility. Applications may also require certain specified documents also to be attached.10Appraisal AgencyAgency used for assessing market value of an Asset.11ATM An automated teller machine or any card-operated machine or device whether belonging to the Bank or other participating banks or financial institutions or concerns or to the Visa Card or MasterCard global ATM Network, or the affiliated networks thereof, as the case may be, which accepts the Card.12Auto LoanThe loans or financing facilities to purchase the vehicle for personal use.13Balance Transfer (BTF)Balance transfer of existing finance facility of borrower from other banks/DFIs.14Balance Transfer AccountAn account in the name of the customer will be opened for the purposes of the facility.15Balloon PaymentPayment by customer in addition/additional/excess to the instalment amount to reduce the principal outstanding. Excess payment by the customer to reduce principal outstanding.16Banker’s lienBank’s charge on the asset17Base rateBenchmark rate for driving the pricing of loan.18Billing cycleDate of a month when bill/statement is generated.19BOQBill of quantity – Break up of amount in construction cases.20Business personIndividual having his own business.21CardThe applicable Visa Card, MasterCard and / or any other card including but not limited to co-branded cards, e-card, debit card the second card as issued by the Bank, from time to time, to the Card member and shall include Supplementary and subsequently issued, renewal or replacement Cards.22Card Account Visa/Master Card account or any account pertaining to the Card(s) issued by the Bank from time to time, as the case may be, opened by the Bank for the purpose of entering debits / charges incurred by or for the account of, and credits received by or for the Card member and Supplementary Card member.23Card IssuerA bank, financial institution, credit union, or agency that issues a card to public or its members is called a card issuer.24Card memberA person to whom the Card is issued by the Bank and shall also include every Supplementary Card member.25Card Replacement FeeFees to be charged by the bank for replacement of lost/stolen or damage card26Card Transaction Any payment made or Cash Advance obtained or any amount to be debited from the Card Account or any amount charged by the Bank or any Merchant for any goods, services and other benefits by or through the use of the Card.27Cash AdvanceAmount of money in any currency availed or lent to the Card member by the Bank or any participating bank or ATM whether in cash or in any other form of payment.28Charge backA credit card transaction, which is returned or not honoured, is called a charge back. Usually done by the credit card holder in response to faulty products, credit card fraud, a dispute or noncompliance with the rules and regulations, charge back restores the funds back with the credit card.29Charge back periodit is a time period from a particular credit card transaction withi

I visit this bank weekly. Nice facility for people of rural areas.

I also visited gReat facilities for EveryOne especially for local areas..... (y)

Gd

I have used ATM tgere many times..