Bank Rate is defined as the rate at which the central bank is ready to purchase the financial instruments, that are covered under section 49 of the RBI Act. It helps in maintaining the overall credit situation in the country. It is not the same thing as MSF Rate. MSF stands for Marginal Standing Facility availed by the banks only when the excess SLR of their net demand and time liabilities has been exhausted. In this facility, banks are required to pay interest, at a rate which is 100 bps … [Read more...]
Difference Between Repo Rate and Reverse Repo Rate
Repo rate or otherwise known as repurchase auction rate, is introduced by RBI to increase the flow of money in the market, i.e. when there os lack of liquidity in the economy and the interest rate is rising, the country's central bank will buy Government securities and the amount if paid to the bank, which improves overall credit. On the other hand, Reverse repo rate is a fixed cut-off rate, at which the government securities are sold by the central bank at the auction. It assists bank in … [Read more...]
Difference Between CRR and SLR
Cash Reserve Ratio, or popularly known as CRR is a compulsory reserve that must be maintained with the Central Bank. Every banking company is required to maintain a specific percentage of their net demand and time liabilities as cash balance with the Reserve Bank of India. On the other hand, Statutory Liquidity Ratio, shortly called as SLR also an obligatory reserve to be kept by the banks, as prescribed securities, based on a certain percentage of net demand and time liabilities. The … [Read more...]
Difference Between Training and Internship
Training is a program in which the trainee gets a chance to apply his theoretical knowledge in the practical life. If we talk about Internship, it is a type of training in which the colleges or institutes enters into an agreement with the organisations to provide practical knowledge to their students. In this era of extreme competition, getting a good job is one of the toughest tasks. To get a good job a person must possess both the theoretical and practical knowledge. Now, you may wonder … [Read more...]
Difference Between Speed Post and Registered Post
Both speed post and registered post are postal services provided by India Post, to the general public, wherein the speed post is famous for its time-bound delivery and registered post is known for secured delivery. The fundamental difference between, speed post and registered post is that the former is address specific while the latter is addressee-specific. With the advancement in technology, the world has now become a global village with no 'boundary' word left in the dictionary. As it is … [Read more...]
Difference Between Speed Post and Courier
Speed post is a postal service provided by India post, to facilitate high-speed delivery of letters, documents, and other important stuff. On the other hand, the courier is also a public utility service, to provide faster delivery of letters and other important documents. In ancient India, the only way to connect with people was to send letters with the help of pigeon, which took lots of days to reach its destination, but after some time, the postal service came into the existence that aided … [Read more...]
Difference Between Sales and Marketing Executive
The sales executive is the most important link between the company and its clients, who offer products and services to the customers and negotiate contracts, so as increase profits. On the other hand, marketing executives, play a crucial role in every organization who work with other employees, such as market research team, distribution staff, advertising team and so on The marketing executives focus on maximizing profits by creating sales and providing those products to customers that match … [Read more...]
Difference Between Price, Cost and Value
Price can be understood as the money or amount to be paid, in order to get something. Cost is the amount incurred in the production of goods, i.e. it is the money value of the resources involved in producing something. Conversely, value implies the utility of worth of the commodity of service for an individual. A market is a place where millions of products and services offered for sale to the public, which are different size, shape, color, nature, functioning, and many other respects. The … [Read more...]
Difference Between Banker’s Cheque (Pay Order) and Demand Draft
Banker's Cheque or say pay order is an instrument, generally non-negotiable, issued by the bank on behalf of the customer, containing an order to pay a specified sum to the specified person, in the same city. On the other hand, demand draft is a financial instrument, used by people for the purpose of transferring money from one place to another. Whether it is a banker's cheque or a demand draft, the validation period of the two instruments is 3 months, i.e. after the expiry of three months, … [Read more...]
Difference Between Cheque and Demand Draft
The cheque is simply, an instrument, which contains an order to the bank to pay the specified sum from the drawer's account to the holder of the instrument. On the other hand, demand draft is a financial instrument that is payable on demand. Banks are integral part of our life as millions of transactions take place every next minute, in which the bank is involved in some way or the other, such as depositing cash and valuables, withdrawing cash at any time, transferring money from one place to … [Read more...]