Banking Full Form
Abbreviations are used to make groups of words shorter. The banking industry, too, contains various acronyms or abbreviations that are important to know for common individuals, including those who are planning to use any financial product or service from a bank. A list of some important banking full forms is explained below.
List of Banking Full Forms
Acronym | Full Form |
---|---|
DSA Full Form | Direct Selling Agent |
ACF Full Form | Account Credit Facility |
CBS Full Form | Core Banking Solution |
CIBIL Full Form | Credit Information Bureau (India) Limited |
CLG Full Form | Clearing or Clearing House Transactions |
CTC Full Form | Cost to Company |
ECS Full Form | Electronic Clearing Service |
EMI Full Form | Equated Monthly Installment |
GST Full Form | Goods and Services Tax |
HDFC Full Form | Housing Development Finance Corporation Limited |
IMPS Full Form | Immediate Payment Service |
INR Full Form | Indian Rupee |
KYC Full Form | Know Your Customer |
MMID Full Form | Mobile Money Identifier |
NACH Full Form | National Automated Clearing House |
NEFT Full Form | National Electronic Funds Transfer |
NOC Full Form | No Objection Certificate |
OC Full Form | Over-collateralization |
TAT Full Form | Turn Around Time |
KYC Full Form | Know Your Customer |
ATM Full Form | Automated Teller Machine |
LIC Full Form | Life Insurance Corporation of India |
Benefits of Understanding Banking Full Forms
Knowing the banking full forms has many benefits as mentioned below:
- When you apply for a loan or wish to avail of any other financial services of banks, knowing these terms will help you in decision-making.
- The bank from which you are availing of any financial service will consider you a smart customer.
- It will be easier for you to fill up a bank form if you know the terms and full forms.
- You will not hesitate while communicating with bank representatives and will be able to answer their queries instantly.
Banking Full Form FAQs
EMI stands for Equated Monthly Instalment. It is the fixed amount of money (principal + interest components) that you have to pay for a loan for the tenure decided by the bank.
ICICI full form is Industrial Credit and Investment Corporation of India.
RBI stands for the Reserve Bank of India.
UPI longform is Unified Payments Interface.
The full form of NABARD is National Bank For Agriculture And Rural Development.
IFSC stands for Indian Financial System Code.
HDFC’s full form is Housing Development Finance Corporation Limited.
SBI is the abbreviation of the State Bank of India.


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