This May Retire You - How To Make $780 / Day With AI & Copy Paste in 2024

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NEFT, NIP, NIBSS, MICR and Other Banking Acronyms

NEFT, NIP, NIBSS, MICR and Other Banking Acronyms “When doing online banking transactions, I am often asked to use the option of NEFT or NIP.   I do not know the meaning of these two abbreviations, and would therefore, appreciate your explanation of them in your blog”.   This was an enquiry from one of the readers of our blog, recently.                   Ordinarily, the above enquiry ought to have been directed to bankers, but owing to the fact that this blog is a forum for interactive teaching, the required explanations on NEFT, NIP and other banking acronyms are provided hereunder: N E F T:      NEFT simply stands for National Electronic Funds Transfer.   It is a payment system usually used nation-wide, for facilitating one-to-one funds transfer.   With this system, one bank account holder can transfer funds electronically from one bank branch to another account holde...
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USE OF THE TITLES: MS, MRS. & MISS

USE OF THE TITLES: MS, MRS. & MISS    Ms. or Ms           The abbreviation Ms or Ms. (as a title) has evoked different opinions and arguments among people in different circles.   Some people say that Ms is a title for a divorced woman; some feel that it is a title for a woman who has children but not married; another group feel that it is used only with an ex husband’s name and others opine that it is a title used only with a woman’s maiden name.   Surprisingly, however, none of the above four opinions on the usage of Ms.is correct. Origin of Ms. or Ms: The idea of using Ms. or Ms as a stop-gap between Miss and Mrs. was conceived by some women back in 1901, but it was in 1961 that one Sheila Michaels, a civil rights worker in New York City, brought the title to the limelight (as a feminist who wanted women to be addressed with a title free of marital status, just as the title Mr. is to men).   Fo...
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ABBREVIATIONS & ACRONYMS – KB, MB, GB & HD

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