The Full Form of ‘CTS’ in Banking is ‘Clear to Send’. Full Form of CTS CTS or Clear to Send is a term commonly used in the banking industry that indicates when payments have been authorized and can be sent from one bank to another. It is an important part of the payment process because …
The Full Form of ‘CTS’ in Banking is ‘Cheque Truncation System’. Full Form of CTS CTS stands for Cheque Truncation System, a banking system designed to reduce the time taken to process cheques. The CTS is a secure and efficient system that uses technology and advanced processes to quickly and accurately move money from one …
The Full Form of ‘CIF’ in Banking is ‘Customer Information File’. Full Form of CIF The full form of CIF in banking is “Customer Information File”. It is an important document used by banks and other financial institutions to store information related to a customer’s accounts, transactions, and other financial details. The CIF contains all …
The Full Form of ‘PO’ in Banking is ‘Post Office’. Full Form of PO The full form of “PO” in banking is “Post Office”. Post Office banking has been around for centuries and is still one of the most popular banking options today. It’s a convenient, safe and reliable way to manage your money. Post …
The Full Form of ‘PO’ in Banking is ‘Probationary Officer’. Full Form of PO A Probationary Officer (PO) is a designation given to the successful candidates of a bank recruitment exam. This position is highly sought after in the banking sector, as it provides entry-level employees with a chance to gain experience in the field …
The Full Form of ‘NBFC’ in Banking is ‘Non-Banking Finance Company’. Full Form of NBFC NBFC stands for Non-Banking Finance Company and is a category of financial institution that operates similarly to banks but without the same legal authority. NBFCs provide services such as loans, insurance, asset management, money transfer services, foreign exchange transactions and …
The Full Form of ‘IDBI’ in Banking is ‘Industrial Development Bank of India’. Full Form of IDBI The full form of IDBI in banking is Industrial Development Bank of India. The IDBI was established in 1964 as a wholly-owned subsidiary of the Reserve Bank of India (RBI) under the Industrial Development Bank of India Act, …
The Full Form of ‘EMI’ in Banking is ‘Equated Monthly Instalmentsb’. Full Form of EMI When it comes to borrowing money, the term “Equated Monthly Instalment” or EMI is one that you will hear often. This abbreviation is commonly used in banking and finance to refer to a payment plan that allows borrowers to pay …
The Full Form of ‘MCLR’ in Banking is ‘Marginal Cost Of Lending Rate’. Full Form of MCLR When it comes to banking, understanding the various terms and acronyms associated with it can be quite tricky. One such acronym is MCLR, which stands for Marginal Cost of Lending Rate. This rate is very important in the …
The Full Form of ‘RBL’ in Banking is ‘Realtime Blackhole List’. Full Form of RBL Realtime Blackhole List (RBL) is an important tool used by banks, financial institutions, and other organizations to protect their networks from spam and malicious email. RBLs are a list of IP addresses that have been identified as possible sources of …
The Full Form of ‘RBL’ in Banking is ‘Ratnakar Bank Limited’. Full Form of RBL RBL, the acronym for Ratnakar Bank Limited, is one of the oldest private sector banks in India. It was established in 1943 and today it has over 400 branches across the country. RBL provides a wide range of banking services …
The Full Form of ‘APBS’ in Banking is ‘Aadhaar Payment Bridge System’. Full Form of APBS The Full Form of ‘APBS’ in Banking is ‘Aadhaar Payment Bridge System’. APBS, or the Aadhaar Payment Bridge System, is a payment system developed by the Indian government to enable direct payments from one bank account to another. It …
The Full Form of ‘NPA’ in Banking is ‘Non-Performing Assets’. Full Form of NPA In the banking sector, the full form of NPA is Non-Performing Assets. This term has been in use for a few decades now and refers to loans or advances given by banks or financial institutions that have not been serviced for …
The Full Form of ‘NEFT’ in Banking is ‘National Electronic Funds Transfer System’. Full Form of NEFT The full form of NEFT in banking is National Electronic Funds Transfer System. It is an electronic funds transfer system that facilitates the transfer of money between two bank accounts located anywhere in India. NEFT is a payment …
The Full Form of ‘MICR’ in Banking is ‘Magnetic Ink Character Recognition’. Full Form of MICR The full form of MICR in banking is Magnetic Ink Character Recognition. This technology is used to identify and process checks, deposit slips, and other documents quickly and accurately. MICR consists of characters printed with a special ink that …
The Full Form of ‘VPA’ in Banking is ‘Virtual Payment Address’. Full Form of VPA A Virtual Payment Address (VPA) is a unique identifier for a person or business that allows them to receive payments in the form of electronic money. It is an alternative to providing bank account details or other information when making …
The Full Form of ‘CAIIB’ in Banking is ‘Certified Associate of Indian Institute of Bankers’. Full Form of CAIIB CAIIB stands for Certified Associate of Indian Institute of Bankers, which is a professional certification program jointly organized by the Indian Institute of Banking & Finance (IIBF) and the Indian Banks Association (IBA). The program is …
The Full Form of ‘BHIM’ in Banking is ‘Bharat Interface for Money’. Full Form of BHIM BHIM, also known as Bharat Interface for Money, is a mobile payment application developed by the National Payments Corporation of India (NPCI). It was launched in April 2016 to enable secure digital transactions between individuals and businesses. The app …
The Full Form of ‘UPI’ in Banking is ‘Unified Payments Interface’. Full Form of UPI The full form of ‘UPI’ in banking is ‘Unified Payments Interface’. Since its launch in April 2016, UPI has revolutionised the way people make and receive payments in India. It has made online payments simpler and quicker than ever before. …
The Full Form of ‘RTGS’ in Banking is ‘Real Time Gross Settlement System’. Full Form of RTGS Real Time Gross Settlement System (RTGS) is a system of banking that is used to settle payments in real time. It has become the standard for large-value payments, enabling banks to make transfers between accounts quickly and securely. …
