Essential Banking Acronyms You Must Know

100 Most Commonly Used Banking Full Forms

S.No	Acronym	Full Form
1	UPI	Unified Payments Interface
2	POS	Point of Sale
3	CVV	Card Verification Value
4	QR	Quick Response (Code)
5	ATM	Automated Teller Machine
6	PIN	Personal Identification Number
7	NEFT	National Electronic Funds Transfer
8	RTGS	Real Time Gross Settlement
9	EMI	Equated Monthly Installment
10	KYC	Know Your Customer
11	IMPS	Immediate Payment Service
12	IFSC	Indian Financial System Code
13	SWIFT	Society for Worldwide Interbank Financial Telecommunication
14	NPA	Non-Performing Asset
15	RBI	Reserve Bank of India
16	CRR	Cash Reserve Ratio
17	SLR	Statutory Liquidity Ratio
18	FD	Fixed Deposit
19	RD	Recurring Deposit
20	FDI	Foreign Direct Investment
21	IPO	Initial Public Offering
22	MICR	Magnetic Ink Character Recognition
23	NABARD	National Bank for Agriculture and Rural Development
24	NBFC	Non-Banking Financial Company
25	NACH	National Automated Clearing House
26	PPF	Public Provident Fund
27	ECS	Electronic Clearing Service
28	CRAR	Capital to Risk-Weighted Assets Ratio
29	BCSBI	Banking Codes and Standards Board of India
30	CBS	Core Banking Solution
31	DRT	Debt Recovery Tribunal
32	SARFAESI	Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
33	LTV	Loan to Value
34	AML	Anti-Money Laundering
35	CIBIL	Credit Information Bureau (India) Limited
36	BCSBI	Banking Codes and Standards Board of India
37	CASA	Current Account Savings Account
38	DEMAT	Dematerialization
39	ECS	Electronic Clearing Service
40	FII	Foreign Institutional Investor
41	FRBM	Fiscal Responsibility and Budget Management
42	GAAR	General Anti-Avoidance Rule
43	HUF	Hindu Undivided Family
44	ICICI	Industrial Credit and Investment Corporation of India
45	IPO	Initial Public Offering
46	MSME	Micro, Small and Medium Enterprises
47	NSDL	National Securities Depository Limited
48	PAN	Permanent Account Number
49	PMSBY	Pradhan Mantri Suraksha Bima Yojana
50	PMJDY	Pradhan Mantri Jan Dhan Yojana
51	PMVVY	Pradhan Mantri Vaya Vandana Yojana
52	PSL	Priority Sector Lending
53	RERA	Real Estate Regulatory Authority
54	TDS	Tax Deducted at Source
55	ULIP	Unit Linked Insurance Plan
56	NPCI	National Payments Corporation of India
57	SHG	Self Help Group
58	AADHAAR	Unique Identification Number
59	GST	Goods and Services Tax
60	ASBA	Application Supported by Blocked Amount
61	DICGC	Deposit Insurance and Credit Guarantee Corporation
62	EDI	Electronic Data Interchange
63	FEMA	Foreign Exchange Management Act
64	FCRA	Foreign Contribution Regulation Act
65	GDP	Gross Domestic Product
66	GSTN	Goods and Services Tax Network
67	HRA	House Rent Allowance
68	ICAAP	Internal Capital Adequacy Assessment Process
69	IBRD	International Bank for Reconstruction and Development
70	ICRA	Investment Information and Credit Rating Agency
71	IDRBT	Institute for Development and Research in Banking Technology
72	INR	Indian Rupee
73	IPO	Initial Public Offering
74	IRDA	Insurance Regulatory and Development Authority
75	KYC	Know Your Customer
76	LIC	Life Insurance Corporation of India
77	MCLR	Marginal Cost of Funds Based Lending Rate
78	MUDRA	Micro Units Development and Refinance Agency
79	NABARD	National Bank for Agriculture and Rural Development
80	NACH	National Automated Clearing House
81	NBFC	Non-Banking Financial Company
82	NPCI	National Payments Corporation of India
83	NRE	Non-Resident External (Account)
84	NRO	Non-Resident Ordinary (Account)
85	NSC	National Savings Certificate
86	OD	Overdraft
87	P2P	Peer to Peer
88	PAC	Public Accounts Committee
89	PFRDA	Pension Fund Regulatory and Development Authority
90	PPF	Public Provident Fund
91	RTGS	Real Time Gross Settlement
92	SLR	Statutory Liquidity Ratio
93	TAN	Tax Deduction and Collection Account Number
94	UPI	Unified Payments Interface
95	VPA	Virtual Payment Address
96	WPI	Wholesale Price Index
97	XBRL	Extensible Business Reporting Language
98	YTM	Yield to Maturity
99	ZBB	Zero-Based Budgeting
100	GST	Goods and Services Tax