NRI stands for non-resident Indian and thus NRI accounts are the accounts opened by the NRIs in India. NRI (Non -Resident External Rupee Account) and NRO (Non -Resident Ordinary Rupee Account) are types of NRI...

Money Market account is a higher yielding savings account that provides a better return on the cash in the account. In a savings account, the bank can only use the money to provide loans to other people. In a...

Money Order is a mode of payment that requires the payer to pay a specified amount of money before-hand. This is considered as a safe method of payment as the amount printed is already prepaid. Bank drafts are...

The ABA Routing Number is a nine-digit number that is located on the check, it is also known as the Routing Transit Number (RTN). The Automated Clearing House (ACH) Routing Number is also a nine-digit number,...

The term “Non-resident Indian” is differs from “Non-Resident External” and “Non-Resident Ordinary”, where NRI is a legal status and NRE and NRO back accounts. NRI refers to the tax status of a citizen, while...