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
  • Benefits of Understanding Banking Full Forms

List of Banking Full Forms

AcronymFull Form
DSA Full FormDirect Selling Agent
ACF Full FormAccount Credit Facility
CBS Full FormCore Banking Solution
CIBIL Full FormCredit Information Bureau (India) Limited
CLG Full FormClearing or Clearing House Transactions 
CTC Full FormCost to Company
ECS Full FormElectronic Clearing Service
EMI Full FormEquated Monthly Installment
GST Full FormGoods and Services Tax
HDFC Full FormHousing Development Finance Corporation Limited 
IMPS Full FormImmediate Payment Service 
INR Full FormIndian Rupee
KYC Full FormKnow Your Customer
MMID Full FormMobile Money Identifier
NACH Full FormNational Automated Clearing House
NEFT Full FormNational Electronic Funds Transfer
NOC Full FormNo Objection Certificate
OC Full FormOver-collateralization
TAT Full FormTurn Around Time
KYC Full FormKnow Your Customer
ATM Full FormAutomated Teller Machine
LIC Full FormLife 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.

Updated On May 13, 2025
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Written By Abhijeet SinghSenior Editor of MyMoneyMantraCredit Cards, Credit Score, Personal Loan, Home Loan, etc.

Abhijeet Singh has comprehensive experience in business writing, content management, SEO, social media and user analytics. Key areas of expertise include stock markets and personal finance.

Senior Editor of MyMoneyMantra