Banking term
This query is : Resolved
13 November 2014
what is meaning of float fund in bank statement? it is shown in online statement of axis bank ?
Amol S Joglekar
(Expert)
13 November 2014
Floating Fund may be on account of different instances. Few of them would be interest rates swap of international transactions, the asset given on floating rate in stead of fixed rate of interest. (Better see the notes to balance sheet and get back to your query)
13 November 2014
the float balance is shown in axis bank statement.. in banking term what this mean ?
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