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.
| Abbreviations | Full-Forms |
|---|---|
| A2A | Account to Account |
| ATM | Automated Teller Machine |
| CR | Credit |
| DR | Debit |
| CVV | Card Verification Value |
| FD | Fixed Deposit |
| FT | Fund Transfer |
| FT-REV | Fund Transfer Reversal |
| Fund-Trf | Fund Transfer |
| IDFC | Infrastructure Development Finance Company |
| IFSC | Indian Financial System Code |
| IFT | Internet Fund Transfer |
| IMPS | Immediate Payment Service |
| IMPS-CIB | IMPS Corporate Indian Banking |
| IMPS-INET | Immediate Payment Service Internet Banking |
| IMPS-RIB | Immediate Payment Service Retail Internet Banking |
| MICR | Magnetic Ink Character Recognition |
| NEFT | National Electronic Funds Transfer |
| OTP | One Time Password |
| PIN | Personal Identification Number |
| POS | Point of Sale |
| RD | Recurring Deposit |
| RTGS | Real-Time Gross Settlement Systems |
| SI | Standing Instruction |
| TPT | Third-Party Transfer |
| TRF | Transfer |
| TXN | Transaction |
| UPI | Unified Payment Interface |
| URN | Unique Reference Number |
| A/c , Acct. | Account |
| Avb | Av |
| INR | Indian Rupee |
| OD | Overdraft |
| OC | Cash Credit |
| INT | Interest |
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.