Banking Full Forms (A to Z)

Banking is a broad term that refers to the area of finance and money that banks offer. Banks are one of the most important institutions in our society and are the most widely used methods to store and move money. Banking has been around for thousands of years and is still used today. The goal of banking is to provide a safe means of storing and exchanging money, providing loans and assessing creditworthiness, and providing financial advice. Banks offer many different products, including loans, credit cards, savings products, and insurance.

Banking Full Forms

ACU Asian Currency Union
ADBAsian Development Bank
ADRAmerican Depository Receipt
AIIBAsian Infrastructure Investment Bank
ATM Automated Teller Machine
BOB Bank of Baroda
BHIM Bharat Interface for Money
CBLChest Balance Limited
CBS Core Banking System
CAIIB Certified Associate of Indian Institute for Bankers
CIF Customer Information File
CMACredit Monitoring Analysis
CASACurrent Account Saving Account
CAD Capital Account Deficit
CRRCash Reserve Ratio
CTSCheque Truncation System
DCB Development Credit Bank
DEAF Depositor Education and Awareness Fund
ECCExcise Control Code
ELSS Equity Link Saving Scheme
EMI Equated Monthly Instalment
EPFO Employee Provident Fund Organization
EFTPOSElectronic funds transfer at point of sale
EFT Electronic Fund Transfer
ECSElectronic Clearing Service
ECB External Commercial Borrowing
ELSS Equity linked Saving Scheme
FCCB Foreign Currency Convertible Bond
FEMA Foreign Exchange Management Act
FICCI Federation of Indian Chambers and Commerce and Industry
HDFC Housing Development Finance Corporation
HSBC Hongkong and Shanghai Banking Corporation
HUDCOHousing and Urban Development Corporation Limited
IBBI Insolvency and Bankruptcy Board of India
ICICI Credit and Investment Corporation of India
IDBI Industrial Development Bank of India
IDFCInfrastructure Development Finance Company
IFS Indian Foreign Service
IFSCIndian Financial System Code
IMF International Monetary Fund
INRIndian Rupee
IPOInitial Public Offering
IRDAInsurance Regulatory and Development Authority
IROs Interest Rate Options
JAIIBJunior Associate of the Indian Institute of Bankers
KYCKnow Your Customer
KCCKisan Credit Card
KMBKotak Mahindra Bank
KVB Karur Vysya Bank
LAFLiquidity Adjustment Facility
LTVLoan to Value
MCLRMarginal Cost of Funds Based Lending Rate
MMIDMoney Mobile Identifier
NABARDNational Bank for Agriculture and Rural Development
NBFCNon-Banking Financial Companies
NEFTNational Electronic Funds Transfer
NPCI National Payments Corporation of India
OTP One Time Password
OTC Over the counter
PANPermanent Account Number
PINPersonal Identification Number
PBX Private Branch Exchange
PFMSPublic Financial Management System
PNBPunjab National Bank
PSB Public Sector Bank
QIB Qualified Institutional Bankers
RBL Ratnakar Bank Limited
RTGSReal Time Gross Settlement
SBIState Bank of India
SEBISecurities and Exchange Board of India
SIDBISmall Industries Development Bank of India
SIPSystematic Investment Plan
SIPSSystematically Important Payment System
SPNSShared Payment Network System
TANTax Deduction and Collection Account Number
TDSTax Deducted at Source
TINTax Payer Identification Number
UCO Bank United Commercial Bank
UPI Unified Payment Interface
VATValue Added Tax
WCTLWorking Capital Term Loan

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