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Banking Full Form
Abbreviation is used for making group of words shorter. The banking industry too contains various acronyms or abbreviations that are important to know for common individuals including the people who are planning to avail of any financial product or service from a bank. A list of some important banking full forms is explained below.
Table of Contents: Banking Full Form [Hide]
List of Banking Full Forms
| Acronym | Full Form |
| 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 Intalment |
| 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 any other financia services of banks, knowing these terms will help you in decision making.
- The bank from where you are availing of any financial service will consider you a smart customer.
- It will be easier for you to fill up a form in the bank if you know banking 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
What is the Full Form of EMI?
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.
What is ICICI Full Form?
ICICI full form is Industrial Credit and Investment Corporation of India.
What is the Full Form of RBI?
RBI stands for the Reserve Bank of India.
What is the Long Form of UPI?
UPI longform is Unified Payments Interface.
What is the Full Form of NABARD?
The full form of NABARD is National Bank For Agriculture And Rural Development.
What is the Full Form of IFSC?
IFSC stands for Indian Financial System Code.
What is the Full Form of HDFC?
HDFC’s full form is Housing Development Finance Corporation Limited.
What is the Full Form of SBI?
SBI is the abbreviation of the State Bank of India.
