Transaction Type : Customer Induced / Bank Induced

Customer Induced 

1. Fund can be transferred from one account to another as per the instructions of the customer. 
2. There is a concept of Maker / Checker in these transaction.
3. In Transfer transactions, the customer account gets debited or credited and balance is affected only after the posting is done.

Bank (Post Office) Induced

1. In transfer transactions (Post Office induced) the office account is debited or credited.
2. There is a maker / checker concept in the transactions. 
3. In Post Office Induced transactions, office account gets debited/credited only after the transaction is posted. 
4. Transactions can also be a system generated.