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Tds Description:
TDS has two famous full forms. One is related to one of the direct taxes and another is related to water.
Here are their full forms –
Now let’s get Basic details about these two famous full forms of TDS.
TDS refers to Tax deducted at the source which is a direct tax.
TDS was introduced in the taxation system to collect income tax by the government.
In this way, it provides convenience to the deductee as it is deducted automatically.
So in simple terms, this is a tax which an employer or service buyer pays to the government but collects from the employee.
Like all other taxes, TDS is also a complicated process when it comes to calculating. However, understanding it once it is not overwhelming.
TDS is collected from the supplier (whether goods or services) at the time of payment.
That is why there should be An employee and employer relationship.
TDS can be deducted only if the total income is taxable.
TDS rate which is same as the income tax slab.
This is how an employer calculates TDS on an employee’s salary.
Average Income tax rate = Income tax payable (calculated by slab rates)/ employee’s projected income that financial year.

TDS is a way for the government to collect tax as revenue. The government uses this income to spend on its public.
TDS plays a chief role in the government’s revenue and helps taxpayers to be saved from tax frauds.
Here are some benefits TDS system comes with –
TDS is a tax so this will good for the taxpayers and government both.
Still here are a few cons TDS brings –
Now let’s know the other full form of TDS
TDS in water
TDS is defined as total dissolved solids which refers to any metal, salt, cations or minerals in the water.
in simple words, TDS is the amount of mobile charged ions dissolved in water.
It

Uco-Bank Description:
United Commercial Bank

Nabard Description:
National Bank for Agriculture and Rural Development

Ippb Description:
IPPB meaning or full form is India Post Payment Bank.
India Post Payment Bank is fully a Government of India bank.
It is operated by the Department of Post which comes under the Ministry of Communication.
The purpose of creating an Indian Post Payment Bank is to make banking services accessible to all people.
As you know, there are more than 155000 post offices working in India, and when modern banking facilities are available in all these post offices, then common people will be able to connect with it easily and take advantage of banking services.
On 1st September 2018, 650 India Post Payment Bank branch opened in the first phase.
This bank has been planned in such a way that it will provide all the banking services to the people, but will not provide the loan facility by itself.
Post payment through the bank, if anyone wants a loan, it will be completed by the third party. In this way, there will be no credit risk on the bank.
Opening this bank is very beneficial for both government and common people The government does not need to set up any new infrastructure to open this bank, and it can operate from the old post office only. Very few new employees are required to hire, and old employees are trained and they are being used for banking.
On 19 August 2015, the Indian Post Payment Bank was granted a banking license by the Reserve Bank.
The India Post Payment Bank started on 30 January 2017 in Ranchi and Raipur, and today its branches are expanding every day.

Almost all modern banking facilities are being provided at the branches of India Post Payment Bank, it is being tried to bring the latest banking technology to the common people, such as mobile banking, net banking etc.
some famous services available at IPPb are-
Any Indian citizen with a ₹ 100000 limit can easily open their savings or current account with the India Post Payment Bank as per their convenience.
IPPB has three types of savings account, regular saving account, digital saving account and

Kyc Description:
KYC full form or meaning is Know Your Customer.
Know Your Customer is an important process or term used by many important businesses today, whereby the identity of customers is verified before or during doing business with them.
RBI has mandated digital transaction companies, banks and other financial institutions to ensure KYC of their customers before using all their services. it helps the financial institutions serve you better.
KYC is very important and it protects both customers and financial institutions from a lot of fraud and illegal activities.
To open a new bank account, to keep a bank locker, to open a mutual fund account, and for different types of online investment, your KYC must be updated with your Bank.
The RBI sets the KYC rules for banks and other financial institutions in India.
KYC is the process under which financial institutions verify their customer identification and address proof.
For example, if you go to open an account with a bank, the bank will ask you to produce the necessary paper to proof your KYC ie your identity and address.
There are many different types of paper for proof of identity and proof of address, such as Aadhaar card, PAN card, Voter ID card, Driving license etc. You can complete your KYC by giving any two of these documents
KYC is very important for both the bank or other financial institutions and the customer, as the necessary steps were taken during KYC ensure that the customer is genuine, and there is no risk.
Under the KYC process, ID card verification, document verification and face verification of any person are done, thereby authenticating the customer and the information given by him.
The banking process has become very secure today due to KYC, and RBI has made it necessary for all banks to keep updating their customers on KYC, regular basis. In many cases when the bank did not update the KYC of the customers, a heavy penalty was imposed

Jaiib Description:
Junior Associate of the Indian Institute of Bankers

Sbi Description:
SBI full form or meaning is State Bank of India.

Rbi Description:
RBI full form or meaning is Reserve Bank of India.
RBI is the central bank of India. RBI’s definition is the Reserve bank of India. Every country has at least one central bank which is also known as the head of commercial banks or the bank of banks. It is the centre of the banking system in that particular country.
As a central bank, the RBI control India’s monetary system and banking policies. It acts as the bank for the Indian government.
After the creation of the Reserve bank of India Act, 1934 the reserve bank of India was formed on April 1, 1935.
In 1926 the Royal Commission on Indian currency and Finance suggested creating a central bank for India to differentiate the management of currency and credits as well as a monetary system with the government.
Thus in 1935 RBI was established for monetary stability, currency management and the administration of nations’ payment and finance system. Another fact is that the British government is the reason behind the foundation of RBI.
RBI has widened the perspective to administrate the finance and monetary system of India. It has yearly as well as long term goals to accomplish. Here are chief objectives of the Reserve bank of India –
RBI has money control tools also named as monetary tools that are some policies or rules that RBI applies on financial system and firms to control the money flow in the market.
These include – buying and selling securities or bonds, Collecting CRR and SLR from the commercial banks and some other methods like this.
The reserve bank of India has the head office in Mumbai, Maharashtra.
and having regional offices in almost every state capital.
When RBI nationalised?
The Reserve bank of India Act, 1948 made the RBI to be nationalised

Imps Description:
The full form or meaning of IMPS is an Immediate Payment Service.
This is such an advanced technique of transferring money from one bank account to another, Using which people can easily send money to a bank account using their mobile or laptop sitting at home.
It was launched in 2010 by the Indian Government and is facilitated by NPCI (National Payment Corporation of India).
As the name suggests, it completes transactions immediately.
IMPS is an instant real-time inter-bank electronic funds transfer system, through which one can transfer money instantly across India, through mobile, internet and ATMs.


IMPS is not only safe but also economical both in financial and non-financial perspectives.
The services of IMPS are available 24*7 and even on holidays.
Drawbacks of IMPS
Any transaction carried out over internet depends upon the security and robustness of the network; IMPS is generally safe but with no guarantee for human errors- if you remit to an account whose number has been wrongly stated, then recovering the money from that account holder will be difficult or impossible.


IMPS charges for fund transfer goes from a minimum of Rs.2.50 to a maximum of Rs.25.
Here is a list of IMPS charges.

Similar full forms
TDS full form
GST full form

Imf Description:
IMF full form or meaning is the International Monetary Fund.

Dbs Description:
The full form of DBS is the Development Bank of Singapore or the Singapore limited development bank, a Singaporean multinational banking and financial services corporation.
The headquarters of the Development Bank of Singapore is in Marina Bay, Singapore. The Development Bank of Singapore was established by the government of Singapore on 16th July 1968. The purpose of the establishment of the Development Bank of Singapore was to take over the industrial financing tasks from the Economic Development Board. The Development Bank of Singapore is also the biggest in Southeast Asia by the assets and among one of the largest banks in Asia.
The Development Bank of Singapore has market domination in the field of consumer banking, debt fundraising, and equity in Singapore, Taiwan, and Hong Kong.
The Development Bank of Singapore also has the highest AA and As1 credit ratings by the Moody’s and Standard and Poors and a strong capital position among the Asia Pacific region. The Development Bank of Singapore has become the first bank ever to hold three of the most prestigious global best bank awards – Euromoney, Global Finance, The Banker, etc.
Apart from this Development bank of Singapore has also become one of the first companies in Singapore to be known for gender equality efforts along with City development limited in the first Bloomberg gender equality index in 2018.
Development bank of Singapore has operations in 17 markets along with having a regional network of more than 250 branches and over 1100 ATMs across 50 cities.
The Development Bank of Singapore was established on 16th July 1968 by the government of Singapore.
The main purpose behind the establishment of the Development Bank of Singapore was to provide financial aid and loans to the processing industries and manufacturers. Through this, the Development Bank of Singapore wanted to help establish and upgrade existing industries in Singapore. The Singapore government invited a United Nations industrial survey mission to analyze the economic situation in Singapore in the 1960s.
This proposal by the Development Bank of Singapore included setting a development bank together with an economic organization to get foreign investments and manage and finance the industrial estates.
The Development Bank of Singapore acquired the post office savings bank on 16th November 1998 for $ 1.6 billion. The post office saving bank was formed on 1st January 1877 in the general post office building in raffles place

Csc Description:
CSC full form or meaning is Common Service Centres.
Common Service Centers is a very important centre created to realize the Digital India Movement, which provides many essential public utility services to rural and remote places of the country, where even today internet and computer facilities are available.
A lot of e-services are being provided by the Government of India to the common people today, but even today there are many villages and towns in India, where the internet is not available properly, then the Common Service Center Providing all e-services to the common people initiated by Government of India.
Common service centres are planned in such a way that it can provide many essential services to the people at one place.
CSC was launched by the Government of India under the National e-Governance Plan in 2006, and CSC e-governance Services India Limited was established on 16 July 2009 to properly manage this essential service.
CSC i.e. Common Service Center performs the same function across the country, and it does not matter the geographical, cultural and linguistic diversity of a state or region.
And it enables the purpose of a socially, economically and digitally inclusive country of the Government of India.
In 2020, when people were very upset due to Corona, common service centres helped the government to bring many welfare schemes to the people.
Some of the major essential public utility services that are easily accessible to the people through CSCs are-
The objective of the Government of India to introduce CSC is to uniformly implement a service across the country.
Talking about some other major objectives, the following are-
Today many services are provided at any common service centre, following are some of the major services-
Government to citizen (G2C)-
It is important to work of CSC for the common people to reach out to the people through the digital medium, many types of services run by the Government of India and the State Governments.
The benefit of B2C i.e. Business to Customer Service can also be availed at CSC.
Bharath bill Pay-
Bharat Bill

Adb Description:
ADB stands for Asian Development Bank. It is a regional development bank that is Asian in character. It was established to reduce poverty and foster economic growth and cooperation in Asia and the Pacific. It assists in the socio-economic development in member countries by providing loans, grants and technical assistance. It has 67 members, 48 of which are from Asia and Pacific region. It is headquartered at Mandaluyong, Philippines and as of July 2017, Takehiko Nakao is the president of ADB.
ADB operations give emphasis on the following areas:

Hdfc Description:
HDFC full form or meaning is Housing Development Finance Corporation.
HDFC stands for Housing Development Finance Corporation which is a leading private sector bank and housing Finance Corporation of India.
HDFC mainly provides housing loans to middle-class people and builders for the residential projects and the main objective of HDFC to develop the residential housing stock by the provision of housing finance in a strategic way that will grow homeownership in India.
The Housing Development Finance Corporation is one of the leaders in the Indian banking sector and finance market and has its headquarter in Mumbai, Maharashtra, India.
HDFC has been the largest private sector lender by assets in India.
HDFC bank has a diversified customer segment all over India as well as globally. One of the prime customer segments of the housing development finance corporation includes large corporates, Individuals, Financial institution among others.
The housing development finance corporation was first established in 1977 but it began working as a private sector bank in India in 1994.
HDFC was formed on 17 October 1977 as a public limited company and was promoted by the industrial credit and investment corporation of India.
HDFC presented loan linked deposit scheme in 1980 that described that one has to have a passbook account with HDFC to get the loan benefits.
The housing development finance corporation launched a non-resident certificate deposit scheme in 1981.
After four years HDFC introduced a home saving plan which allowed a person to get a housing loan at 8.5% interest rate in 1985.
HDFC introduced a service named Advanced processing facility (APF) that allow builders to provide financial service to individuals to buy the residence in their projects in 1986.
In 1989 HDFC introduced two types of loan – Home improvement loans (HIL) and home extension loans (HEL) to economically weaker sections.
HDFC became the HDFC bank on 30th August 1994. It was one of the first banks to receive an “in principle” approval from RBI. HDFC Bank was established by Aditya Puri.
In 1999 HDFC launched its website. In 2009-10 HDFC offered systematic saving plans with variable interest rate.
HDFC launched an online real estate portal in 2010-11 as well as a new subsidiary HDFC Education and Development Services Pvt for education loans.
HDFC has nearly 427 interrelated branches as well as three branch offices in London, Dubai and Singapore to provide

Csp Description:
CSP full form or meaning is Customer Service Point.

Atm Description:
ATM means an automated teller machine and the other famous full form used for ATM is Air Traffic Management.
these two full forms of ATM are very famous. other than these two, some more famous full forms of ATM acronym we will see in the last paragraph of this article.
so in this article, we will get detailed information about the full form of ATM-
Atm full form is an Automated teller machine, in terms of Finance and computer.
We use ATMs to withdraw money from bank accounts and to do other financial activities.
An ATM is a machine that automatically gives you the money on your demand using the computer and mechatronics technology.
If you say, an ATM is a computer which is a live example of what a computer can do.
As we believe that a computer is the one that can do a task correctly every time with the right accuracy without human help ATM does it all.
When you go to withdraw money from an ATM, there is no person to help you. You insert your card into the ATM machine, and the machine asks you your PIN after reading your card. After stating the PIN, you tell your favorite amount, which you want to withdraw.
After your confirmation, ATM gives you whatever amount you like.
No human being has any role anywhere in the whole process of withdrawing this money from the Automated Teller Machine(ATM).
Using the ATM card and ATM machine, you can withdraw cash from all types of accounts like savings accounts, current accounts, and credit.
an ATM has become a part of our life today
In today’s