Banking Awareness

1)DEMAT account for selling stocks
de-materialized accounts
 2)BITCOIN :- digital money
it is cash for the internet
3)SENSEX:- Sensitive Index related to mumabi
BSE
NIFTY is the INdex of NSE
4)Deposit rate : It is paid 
by the Depository institution on the cash on deposit 
5)SLR:- Statutory liquidity ratio
that must be maintained by commercial banks in the form of money or gold or govt securities before proving credit to its customers
6)BAnking terms:-
PLR:- Prime lending rate or prime Interest rate
It is offered to most credit worthy customers by the banks
other names : reference rate or base lending rate
7)Bank rate; It is also called as Discount rate
it is offered be central bank when it gives loans to commercial banks
inorder to maintain money flow
8)CRR:- Cash reserve Ratio is the amount of money banks has to keep at RBI
it is used to drain out the excessive money from the Banks
9)ReverseRepo rate:- It is the opposite to repo rate and here RBI takes money from banks to maintain liquidity
10)Repo rate : it is the rate at which banks borrows rupees from RBI