India Financial Glossary

The guaranteed monthly pension amount under UPS, calculated as 50% of average basic pay for employees with 25+ years of qualifying service.

The contracted fixed salary component before allowances; it helps determine some benefits, but India’s wage-code 50% add-back is not a universal minimum basic-pay line.

India’s labour-code definition of wages: basic pay, dearness allowance and retaining allowance, with excess excluded allowances added back for statutory calculations.

Credit Information Company, an RBI-licensed entity (like CIBIL, Experian, Equifax, CRIF) that collects, maintains, and distributes credit data on borrowers.

An RBI-regulated lender or other covered entity required to submit borrower information to Credit Information Companies under its applicable directions.

A biannual inflation adjustment applied to government pensions, indexed to the All India Consumer Price Index for Industrial Workers (CPI-IW).

Deposit Insurance and Credit Guarantee Corporation, a subsidiary of RBI that insures bank deposits up to ₹5 lakh per depositor per bank.

The number of days a borrower's payment is overdue beyond the scheduled EMI date, used by CICs to assign delinquency status codes (DPD 0 to 90+).

An RBI framework permitting Indian residents to remit up to $250,000 per financial year abroad for permitted current and capital account transactions.

Indian tax collected at source by an authorised dealer or tour-package seller on specified outward payments; a credit against final tax, with 2026 rates varying by purpose.

A defined-benefit pension for central government employees guaranteeing 50% of average basic pay as monthly pension after 25 years of qualifying service.

The labour-code limit on excluded allowances in the wage calculation: excess over 50% of relevant remuneration is added back to wages for statutory purposes.