The Reserve Bank of India (RBI) is the regulator of foreign exchange dealings in India. It prohibits, restricts, and regulates the opening, holding and maintaining of foreign currency accounts, and the limits up to which a person resident in India can hold the amount in such accounts. These regulations are known as Foreign Exchange Management […]

The main function of the banks is to mobilise deposit from public and lend that deposit to individual, firms and corporate institutions. Banks offers various types of deposit products which can be broadly classified as Demand Deposits and Term/Time Deposits. Difference between Demand Deposits and Term/Time Deposits are as follows. Demand Deposits Term or Time […]