Banking Term - ACH

ACH (Automated Clearing House)
                  ACH helps banks and other financial institutions in the clearance of balances and negotiable instruments that are used at a personalized as well as a mercantile modes of transaction. it works nation wise and RBI is India's clearing house. they clear funds transferred in NEFT, RTGS etc

Appoinments

APPOINMENTS

Ashton B Carter         - US Defence Secretary

Arvind Kejriwal         - Chief Minister Of Delhi

Pahlaj Nihalani           - Chairman of Censor Board

Deep Kumar Upadhyay - Nepal's Ambassador to India

Dr.M.O.Garg              - Director General of Council of Scientific and Industrial Research (CSIR)

S.Jaishankar                - Foreign Secretary of India

L.C.Goyal                   - Union Home Secretary

Capital and Currency - Spain

SPAIN

Capital : Madrid

Currency : Euro

Prime Minister : Mariano Rajoy

Language : Spanish

Banking Term - Acquirer

ACQUIRER
          Acquirers are banks and financial institution collaborate with business to accept credit and debit card payments. Acquirers need to be licensed with companies such as Visa, Maestro etc..

Banking Awareness - Annuity

ANNUITY
          An Annuity is a serious of payments made at fixed intervals of time. examples of Annuity are regular deposits to a savings account, monthly home mortgage payments, monthly insurance premium and pension payments. Annuities are classified by the frequency of payment dates. payments are made at a regular interval like Quarterly, half early, monthly, weekly yearly.