new terms in banking sector

Debit Card Hotlisting

When you lose your debit card, you should call your bank immediately to avoid misuse of the card and request a new card. In India and some other countries in South Asia, this process is commonly referred to as hotlisting. There are a few things to keep in mind when hotlisting your debit card.

inflation-indexed bond

Treasury bonds designed to cancel the capital eroding effects of inflation, their interest rate remains fixed but the principal is adjusted to match changes in a price index such as consumer price index (CPI)