42 terms
AML / CFT
Complianceঅর্থ পাচার প্রতিরোধ
Anti-Money Laundering and Combating the Financing of Terrorism — monitoring, record-keeping and reporting duties placed on financial institutions.
Audit classification
Complianceনিরীক্ষা শ্রেণিবিন্যাস
The grade (commonly A to D) given to a society after audit, reflecting the quality of its financial position, recovery and management.
Banking Ombudsman / RBI Integrated Ombudsman
Complianceব্যাংকিং ন্যায়পাল
A grievance-redress mechanism for customers of regulated entities, approached after the institution's own complaint process has been used.
Board of Directors / Managing Committee
Cooperativeপরিচালন সমিতি
The elected body of members responsible for running a society, approving loans within its powers, and answering to the general body.
Bye-laws
Cooperativeউপবিধি
The registered internal rules of a cooperative society covering membership, share capital, meetings, committees, loans and staff matters. Amendments need approval from the registering authority.
CASA
Bankingচলতি ও সঞ্চয়ী আমানত
Current Account and Savings Account balances — the low-cost deposit base of a bank or society.
CD ratio
Bankingঋণ-আমানত অনুপাত
Credit-Deposit ratio — advances as a proportion of deposits, showing how much of the deposit base has been lent out.
Collateral and security
Creditজামানত
Assets or guarantees offered against a loan. Cooperative lending also uses group guarantee and personal surety of members.
Crop loan / short-term agricultural credit
Creditফসল ঋণ
Seasonal credit for cultivation expenses, repayable after harvest, with scale-of-finance norms fixed for each crop and area.
CRR and SLR
Bankingসিআরআর ও এসএলআর
Regulatory reserve requirements: a share of deposits kept as cash reserve and a share held in prescribed liquid assets.
DCCB
Cooperativeজেলা কেন্দ্রীয় সমবায় ব্যাংক
District Central Cooperative Bank — the district-level cooperative bank that finances and supervises primary societies in its district.
Deposit insurance (DICGC)
Depositsআমানত বিমা
Deposit Insurance and Credit Guarantee Corporation cover applies to insured banks, including eligible cooperative banks, up to a prescribed limit per depositor per bank.
EMI
Creditসমান মাসিক কিস্তি
Equated Monthly Instalment — a fixed monthly payment covering interest and principal so that the loan closes at the end of the tenure.
Fixed deposit (FD)
Depositsস্থায়ী আমানত
A lump-sum deposit kept for a fixed term at an agreed rate; premature withdrawal usually carries a penalty.
Flat-rate interest
Creditসমহারে সুদ
Interest charged on the original amount for the full period. It costs more than the same reducing-balance rate, so the two should never be compared directly.
FOIR
Creditআয়ের সাপেক্ষে দায়ের অনুপাত
Fixed Obligation to Income Ratio — the share of monthly income already committed to EMIs, used to judge how much more a borrower can repay.
General Body / AGM
Cooperativeসাধারণ সভা / বার্ষিক সাধারণ সভা
The meeting of all members that adopts accounts, considers the audit report, appropriates profit and elects the committee. It is the supreme authority of a society.
IFSC and MICR
Digitalআইএফএসসি ও এমআইসিআর
Branch codes used for electronic transfers (IFSC) and for cheque clearing (MICR).
KCC
Creditকিষাণ ক্রেডিট কার্ড
Kisan Credit Card — a short-term crop-loan limit for farmers, widely disbursed through cooperative societies and cooperative banks.
KYC
Complianceগ্রাহক পরিচিতি যাচাই
Know Your Customer — identity and address verification and periodic updation required before and during an account relationship.
Member vs nominal member
Cooperativeসদস্য ও নামমাত্র সদস্য
A full member holds shares and has voting rights. A nominal member may use limited services of the society but generally has no vote or share in profit.
Moratorium
Creditস্থগিতকাল
A period in which repayment of principal (and sometimes interest) is deferred. Interest usually continues to accrue.
NEFT / RTGS / IMPS / UPI
Digitalইলেকট্রনিক লেনদেন ব্যবস্থা
Electronic payment systems differing in settlement method, value limits and availability. UPI and IMPS work instantly around the clock.
Nomination
Depositsনমিনি নির্ধারণ
Naming a person to receive the balance of an account or deposit after the holder's death. It makes settlement far simpler for the family.
NPA
Creditঅনুৎপাদক সম্পদ
Non-Performing Asset — a loan where interest or instalment has remained overdue beyond the prescribed period, requiring provisioning and recovery action.
OTP
Digitalএকবার ব্যবহারযোগ্য পাসওয়ার্ড
A one-time password used as a second factor. No genuine bank, society or official ever needs your OTP, PIN or password.
Overdue and recovery percentage
Creditবকেয়া ও আদায় শতাংশ
Overdue is the demand not collected by due date; recovery percentage is collection against demand — the core health measure of a lending society.
PACS
Cooperativeপ্রাথমিক কৃষি সমবায় সমিতি
Primary Agricultural Credit Society — the village-level cooperative that lends to farmers and members and forms the base of the three-tier cooperative credit structure.
Phishing, vishing and smishing
Digitalপ্রতারণামূলক ফাঁদ
Fraud through fake links and pages, phone calls, or SMS, aimed at stealing credentials, OTP or card details.
Priority sector lending
Bankingঅগ্রাধিকার ক্ষেত্রে ঋণ
Lending to sectors such as agriculture, micro enterprises and weaker sections, where banks must meet prescribed targets.
Recurring deposit (RD)
Depositsপৌনঃপুনিক আমানত
A deposit built by paying a fixed amount every month for a chosen term, maturing with compounded interest.
Reducing balance interest
Creditক্রমহ্রাসমান স্থিতিতে সুদ
Interest charged on the outstanding balance, which falls as principal is repaid. This is the method used by the app's EMI and SHG calculators.
Registrar of Cooperative Societies (RCS)
Cooperativeসমবায় সমিতির নিবন্ধক
The state authority that registers societies, approves bye-laws, orders audits and inquiries, and exercises statutory powers over cooperative societies.
Reserve fund
Cooperativeসংরক্ষিত তহবিল
A statutory fund built from a prescribed share of annual net profit, strengthening the society against losses.
Scale of finance
Creditঅর্থায়নের মাপকাঠি
The per-acre credit limit fixed for each crop in a district, used to size crop loans consistently.
Share capital
Cooperativeশেয়ার মূলধন
Money contributed by members towards shares of the society. It is the ownership base on which a cooperative borrows and lends.
SHG
Creditস্বনির্ভর গোষ্ঠী
Self Help Group — a small savings-and-credit group, usually of women, that saves together and is credit-linked to a bank or cooperative society.
Statutory audit (cooperative)
Complianceবিধিবদ্ধ নিরীক্ষা
The annual audit of a society's accounts by an auditor authorised under cooperative law, resulting in an audit report and audit classification.
StCB
Cooperativeরাজ্য সমবায় ব্যাংক
State Cooperative Bank — the apex cooperative bank of a state, linking district banks to the wider banking system and refinance agencies.
Three-tier cooperative credit structure
Cooperativeত্রিস্তরীয় সমবায় ঋণ ব্যবস্থা
Short-term cooperative credit flows through three levels: primary societies at village level, District Central Cooperative Banks, and the State Cooperative Bank at the top.
UCB
Cooperativeশহরাঞ্চলীয় সমবায় ব্যাংক
Urban Cooperative Bank — a cooperative bank serving urban and semi-urban members, working under both cooperative law and banking regulation.
Unauthorised electronic transaction
Digitalঅননুমোদিত ইলেকট্রনিক লেনদেন
A debit not authorised by the customer. Reporting it to the bank without delay is the single most important step in limiting liability.
These are general awareness explanations for learning, not legal, regulatory or official advice. For binding provisions, always rely on the applicable Act, rules, bye-laws and official circulars, and on the documents published on the ArthaPath website.