ATMs set up, owned and operated by non-banks are called White Label ATMs. Sponsor Bank provides cash for White Label ATMs. Non-bank ATM operators are authorized under Payment & Settlement Systems Act, 2007 by the RBI..

DICGC is a subsidiary of RBI which was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. The Head Office of the DICGC is located at Mumbai.

DICGC insures all bank deposits, such as saving, fixed, current, recurring deposits for up to the limit of Rs.100,000 of each deposits in a bank.

Regional Rural Banks(RRBs), local area banks, all commercial banks and foreign banks functioning in India are insured by the Deposit Insurance and Credit Guarantee Corporation(DICGC).

In order to improve credit delivery system and facilitate flow of credit to the MSE sector, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

The currency deposit ratio shows the amount of currency that people hold as a proportion of aggregate deposits.

Fiat money is a currency which has no intrinsic value but made legal tender by the government. It is not backed by a physical commodity. Issuing of too much fiat money results inflation.

GDP evaluated at current market prices is called Nominal GDP. Therefore, nominal GDP will include all of the changes in market prices that have occurred during the current year due to inflation or deflation.

Commodity money is money whose value comes from a commodity of which it is made. It consists of objects that have value in themselves as well as value in their use as money. Example:- Gold, silver.

Representative money refers a token or piece of paper that has no intrinsic value, but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper etc.,