List of Banking Terms

List of banking terms- mostly used words in daily banking- full forms and abbreviations of banking terminology. Know more about banking








MICR- Magnetic Ink Character Recognition
RTGS - Real Time Gross Settlement
NEFT :- National Electronic Fund Transfer
PIN-- Personal Identification Number
RBI- Reserve Bank of India
CRR - Cash Reserve Ratio

SLR - Statutory Liquidity Ratio
FD- Fixed Deposit
SHG - Self Help Group
HUF - Hindu Undivided Family
MIS- Management Information System
SME- Small And Medium Enterprises
KYC - Know Your Customer
NSDL - National Securities Depositories Limited
ICICI - Industrial Credit And Investment Corporation
IDBI- Industrial Development Bank of India
GDP- Gross Domestic Product
GNP- Gross National Product
WPI- Whole Sale Price Index
KCC- Kisan Credit Card
NPA- Non Performing Assets
RD- Recurring Deposit
TDR- Term Deposit Rate
ATM- Automated Teller Machine
STR - Suspicious Transaction Report
CTR - Cash Transaction Report
VAt- Value Added Tax
SEBI- Securities and Exchange Board of India
NPS- New Pension Scheme
MBS- Mortgage Backed Securities
FBT- Fringe Benefit Tax
FDI - Foreign Direct Investment
VVR - Voucher Verification Report
CBS- Core Banking Solution

ALM- Assest Liability Management
PSB- Public Sector Bank
IPO- Initial Public Offering
CDS- Credit Default Stamp
PRAN- Permanent Retirement Account Number
POS- Point OF Sales
CRISIL - Credit Rating Information Services of India Limited
MCX- Multi Commodity Stock Exchange
IRDA- Insurance Regulatory and Development Authority of India
CASA- Current and Saving Account
EMI - Equated Monthly Installments
LIBOR - London Inter Bank Operation Rate
MIBOR- Mumbai Inter Bank Operation Rate
NABARD-  National Bank For Agriculture And Rural Development
CIBIL - Credit Information Bureau of India Limited