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 fixed component of salary before any allowances, constituting the base for calculating PF, gratuity, HRA, and other statutory benefits.

One of India's four consolidated Labour Codes mandating that basic wages must constitute at least 50% of an employee's total remuneration (CTC).

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

Any entity — bank, NBFC, housing finance company, or microfinance institution. That is a member of a Credit Information Company and reports borrower data.

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.

Tax Collected at Source deducted by banks on outward foreign remittances under LRS, acting as an advance tax payment creditable against the remitter's income tax.

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

The Code on Wages requirement that basic wages (basic + DA) must constitute at least 50% of an employee's gross salary or total remuneration.