Common Banking Abbreviations For Daily Use

In this article, you will know the full forms of words which are used daily. These Common Banking Abbreviations are very important to know for banking terms uses.

So, Let’s Know Common Banking Abbreviations For Daily Use in life.

A2AAccount to Account
ATMAutomated Teller Machine
CVVCard Verification Value
FDFixed Deposit
FTFund Transfer
FT-REVFund Transfer Reversal
Fund-TrfFund Transfer
IDFCInfrastructure Development Finance Company
IFSCIndian Financial System Code
IFTInternet Fund Transfer
IMPSImmediate Payment Service
IMPS-CIBIMPS Corporate Indian Banking
IMPS-INETImmediate Payment Service Internet Banking
IMPS-RIBImmediate Payment Service Retail Internet Banking
MICRMagnetic Ink Character Recognition
NEFTNational Electronic Funds Transfer
OTPOne Time Password
PINPersonal Identification Number
POSPoint of Sale
RDRecurring Deposit
RTGSReal-Time Gross Settlement Systems
SIStanding Instruction
TPTThird-Party Transfer
UPIUnified Payment Interface
URNUnique Reference Number
A/c , Acct.Account
INRIndian Rupee
OCCash Credit

Hope You like these Common Banking Abbreviations. Always remember that e knowledge of short-term words is very useful for our security because we can easily understand the thing in any field, not even banking other fields have also abbreviations and short name terminologies.

Leave a Comment