Are you looking to know about Banking full forms list?  If yes, then you came to right blog article.


In this article you get to know about Banking full forms list. This article is written after referring and reading more than 43 articles related to the above topic.


ATM Full Form

ATM full form refers to the Automated Teller Machine. It is a self-service banking outlet. It allows you to withdraw money, check balances, and transfer funds. Banks offer ATM services across various locations, enabling you to withdraw from any machine, regardless of your account. Transactions may be free or incur nominal charges based on the bank’s policies. Some banks impose fees for exceeding free transaction limits or withdrawing from non-account holder ATMs. It is an electronic banking outlet that allows customers to complete various banking transactions without the need for a human teller. Different types of ATMs like Brown Lable ATM, Orange Lable ATM etc.

DEAF Full Form Banking

DEAF Full form in Banking refers to Depositor Education Awareness Fund.  It means deposits that remain unclaimed or inactive for a period of 10 years must be transferred to the government annually, similar to unclaimed dividends. Starting May 2014, the Reserve Bank of India (RBI) instructed banks to establish a DEAF account, which stands for Depositor Education and Awareness Fund. Within three months of the completion of the 10-year period, the balances in unclaimed accounts are to be transferred on a monthly basis to this DEAF account.

The purpose of the DEAF account is to promote the interests of depositors, although the exact details are known only to the RBI. Individuals whose deposits have been transferred to the DEAF account can claim the amount by completing the necessary KYC formalities.

The DEAF account is created electronically by the RBI under Core Banking solutions (also known as E Kuber), and banks remit funds to this account using their assigned Bank DEAF Code.

Each bank’s Board of Directors must authorize two officials to operate the DEAF account for claims and refunds. The balance in the DEAF account should be reflected in the banks’ Balance Sheets as Contingent Liabilities.

The RBI has also established a DEAF Cell for this purpose. All of the above information is in accordance with Section 26A of the Banking Regulation Act, 1949.

KYC Full Form

KYC Full Form refers to KNOW YOUR CUSTOMER. It is a standard form that banks, gas agencies, investment/insurance companies, and similar institutions request customers to fill.

It can be required during the account opening process or when updating existing information. KYC typically collects details like name, address, contact information, identification proof, and nominee information.

SFMF Full Form

SFMF full from refers to Structured Financial Messaging System. It is a secure messaging standard developed as a platform for intra-bank and inter-bank applications. Similar to the global financial messaging system SWIFT, SFMS serves as the Indian standard.

It enables secure communication within and between banks. Launched on December 14, 2001, at IDRBT, SFMS allows the definition of message structures and formats, authorized for use by the financial community.

With modular and web-enabled software, SFMS offers flexibility through centralized or distributed deployment. User access is controlled via Smart Cards, and ISO standards are adhered to for encryption and authentication services, ensuring message security.


In the banking term, PCA stands for Prompt Corrective Action. It is a framework established by the Reserve Bank of India (RBI)

CBS Full Form in Banking

CBS full form in banking means Core Banking Solution. In this core means for Centralized Online Real-time Exchange.

It revolutionizes banking by enabling customers to conduct transactions without visiting their home branch. CBS creates a network of bank branches, granting customers access to their accounts and banking services from any branch.

This shift transforms customers into bank customers, rather than being tied to a specific branch.

Information Technology plays a crucial role in the banking industry’s survival and growth. Implementing IT reduces operational costs, enhances product offerings, and improves service quality.

With the advent of computers and telecommunication technology, Core Banking emerged, streamlining information exchange and reducing manual work. CBS facilitates efficient and accurate daily transactions.

Consequently, banks have adopted core banking applications to support their operations and ensure customer satisfaction.

EMI Full Form

EMI, short for Equated Monthly Instalment, refers to a fixed payment made by a borrower to a lender on a specific date each month for a predetermined duration.

It is widely used for loan repayment, such as home loans, car loans, or personal loans. The EMI comprises both the principal amount borrowed and the interest charged by the lender.

By breaking down the total amount into manageable monthly installments, borrowers can repay their loans gradually over time. EMI offers convenience and financial planning by ensuring a steady and predictable repayment schedule.

This helps individuals achieve their financial goals while effectively managing their cash flow.

BGL Full Form in Banking

In banking, BGL stands for Branch General Ledger, which serves as a record-keeping system for internal debit and credit transactions within a bank.

The Branch General Ledgers are maintained at bank branches for accounting purposes. It is important to note that BGL accounts do not directly impact customer-related transactions.

Instead, they are primarily used for internal accounting transactions between different branches of the bank. These ledgers facilitate efficient tracking and management of internal financial transactions, ensuring accurate bookkeeping and financial reporting within the banking institution.

CGL Full Form in Banking

In banking, CGL stands for Corporate General Ledger, which functions exclusively at the corporate level. Unlike branch operations, CGL accounts are not operated at bank branches.

Instead, they are specifically utilized in the backend operations of the bank. The Corporate General Ledger serves as a centralized record-keeping system, capturing and managing financial transactions at the corporate level.

YTM Full Form in Banking

YTM, which stands for Yield to Maturity, is a crucial concept in the realm of bonds. In essence, YTM represents the total return obtained from a bond upon its maturity.

It quantifies the rate of return achieved from the bond investment and is also known as redemption yield or book yield.

To understand YTM, we need to consider two key components. Firstly, it encompasses the interest earned from the bond.

Secondly, it includes any premium or discount received when purchasing the bond. The combination of these elements constitutes the concept of Yield to Maturity.

The term YTM comprises two factors: yield and maturity. Yield refers to the interest earned from the bonds divided by the bond price.

Maturity, on the other hand, signifies the duration for which the company issued the bond, such as 10 years.


CASA Full form refers to Current Account and Saving Account.

A current account is mainly used by businesses, companies, and enterprises. It is designed for frequent and large transactions without restrictions.

This makes it suitable for businesses that need to make many payments to suppliers, employees, and others. Current accounts offer services like overdraft facilities, cheque books, and online banking, helping businesses manage their money effectively.

Comparing to a current account, a savings account is for individuals and encourages saving money. Savings accounts have higher interest rates compared to current accounts, allowing individuals to earn interest on their deposits.

These accounts are good for personal banking needs, like saving for emergencies, future expenses, or specific goals. Savings accounts offer easy ways to deposit and withdraw money through ATMs, online banking, and branches.

LEI Full Form in Banking

LEI, which stands for Legal Entity Identifier, is a unique 20-digit code introduced to identify parties involved in financial transactions globally.

The Reserve Bank of India (RBI) implemented the LEI system for payment transactions of ₹50 crore and above conducted by non-individual entities using the RBI’s Centralised Payment Systems, starting from April 1, 2021.

The purpose of LEI is to enhance transparency in the financial market.

The LEI code consists of various segments. The first four digits represent the prefix that identifies the Local Operating Unit (LOU) responsible for issuing the LEI.

The following two digits are zeros, while digits 7 to 18 form the entity-specific part generated by the LOU. The last two digits are check digits defined in the ISO 17442 standards.

LEI has a validity period of one year from registration and requires annual renewal for companies. The code remains unchanged after renewal. LEI proves beneficial to banks and credit providers as it helps monitor corporate borrowers’ exposure and prevents the issuance of double loans against the same collateral.

Companies can obtain their LEI code from Local Operating Units or seek assistance from Registration Agents.

Banks are required to include the remitter and beneficiary LEI information in NEFT and RTGS payment messages and maintain records of transactions of ₹50 crore or more through RTGS or NEFT.

Legal Entity Identifier India Ltd is recognized by the Reserve Bank under the Payment and Settlement Systems Act, 2007, as the issuer of LEI codes in India.

PRCR Full Form

PRCR, which stands for Pre-authorized Credit, is a term often seen in bank statements, passbooks, or ATM mini statements when making purchases on e-commerce sites or adding money to e-wallets using debit or credit cards.

In banking terms, PRCR represents a pre-authorized credit transaction made on an e-commerce site, denoted as “PRCR/ECOM/DEBIT.”

For example, a PRCR transaction may appear as “PRCR/Paytm/12345” when making a payment through UPI on the Paytm platform.

PRCR charges are not levied by the bank as it is not a service provided by them. PRCR simply serves as a descriptor for the transaction on the bank statement, providing details of the transaction made.

The benefits of PRCR include providing transaction information for e-commerce transactions, sending alerts related to e-commerce transactions, and being an automated transaction process.

DPN Full Form

DPN, which stands for Demand Promissory Note, is a document utilized by banks when there is no fixed repayment period for a loan. In simple terms, it is a promise made by the borrower to the bank to repay the loan amount with the agreed interest rate upon demand. As per the Indian Stamps Act, the DPN must be stamped accordingly.

The limitation period for a DPN is three years from the date of execution. This means that if the loan is not repaid within three years, the bank must obtain fresh documents to extend the repayment period.

It is essential for borrowers and banks to adhere to the terms stated in the DPN to ensure proper loan repayment and maintain legal compliance.

CRAR Full Form in Banking

CRAR, which stands for Capital to Risk Asset Ratio, is a ratio that measures a bank’s capital in relation to its risk exposure.

In simple terms, it determines how well a bank is equipped to absorb losses from its risk-weighted assets. CRAR plays a crucial role in safeguarding depositors’ interests and promoting stability and efficiency in the financial system.

To calculate CRAR, the bank’s capital is divided by its risk-weighted assets, which consider credit risk, market risk, and operational risk. The Reserve Bank of India expects Indian banks to maintain a minimum CRAR of 9%.

CRAR is determined by adding the bank’s tier 1 capital and tier 2 capitals, and then dividing the total by its total risk-weighted assets. This ratio helps assess a bank’s financial strength and ability to manage risks effectively.

DICGC Full Form

DICGC full form means Deposit Insurance Credit Guarantee Corporation. It is a subsidiary of the Reserve Bank of India that offers deposit insurance to protect the interests of depositors.

Established under the DICGC Act in 1961, DICGC provides coverage to small depositors and aims to ensure financial stability in the banking system. With a maximum insurance amount of Rs. 5,00,000 (5 lakh), DICGC safeguards deposits in savings accounts, current accounts, recurring accounts, and fixed deposits.

The corporation’s mission is to contribute to financial stability by offering efficient and effective deposit insurance, while its vision is to be recognized as a responsive provider of deposit insurance services. DICGC does not charge customers any premium for the insurance, as the premium is paid by the banks.

For more information, individuals can visit the official website at or reach out to for queries.

NEFT Full Form

NEFT full form means National Electronic Funds Transfer. It is an electronic payment system widely used in India. It allows individuals, companies, and organizations to securely transfer funds between bank accounts.

With NEFT, transactions are processed in batches and settled periodically throughout the day, ensuring efficient transfer of funds.

RTGS Full Form

On the other hand, RTGS full form refers to Real Time Gross Settlement. It is another popular electronic funds transfer system in India. Unlike NEFT, RTGS offers real-time settlement, where transactions are processed individually and immediately upon initiation.

This ensures instant transfer of funds between bank accounts, making it suitable for time-sensitive and high-value transactions.

IFSC Full Form

IFSC full form means Indian Financial System Code. It facilitate electronic funds transfer in India, bank branches are assigned unique identification codes called IFSC.

These codes are alphanumeric and serve as an identification mechanism for participating branches in electronic funds transfer systems like NEFT, RTGS, and IMPS.

By using IFSC codes, senders and recipients can accurately route their funds to the intended bank branch.

MICR Full Form

MICR full form stands for Magnetic Ink Character Recognition, is a technology utilized in the banking system to streamline check processing.

By printing MICR codes on the bottom of checks using magnetic ink, the technology enables efficient reading and processing of essential information such as the bank’s routing number, account number, and check number.

SWIFT Full Form

SWIFT full form means Society for Worldwide Interbank Financial Telecommunication. It is a global messaging network extensively used by banks and financial institutions to securely exchange information and instructions related to international financial transactions. SWIFT facilitates the smooth transfer of funds across borders, ensuring the accuracy and security of transactions.

NRI Full Form

NRI full form means Non-Resident Indian. It refers to individuals residing outside of India who maintain various types of bank accounts in the country to cater to their specific banking needs.

These accounts include NRE (Non-Resident External), NRO (Non-Resident Ordinary), and FCNR (Foreign Currency Non-Resident) accounts.

FD Full Form

FD also known as Fixed Deposit, is a financial instrument offered by banks and other financial institutions.

It allows customers to deposit a certain sum of money for a fixed period, ranging from one month to several years, at a predetermined interest rate.

FDs provide a secure and stable investment option for individuals looking to grow their savings.

RD Full Form

RD, which stands for Recurring Deposit, is another financial instrument offered by banks and financial institutions.

It allows customers to deposit a fixed amount of money at regular intervals, usually monthly, for a specific period of time at a fixed rate of interest.

RDs are ideal for individuals who want to save a fixed amount regularly and earn interest on their savings.

CIBIL Full Form

CIBIL, short for Credit Information Bureau (India) Limited, is India’s leading credit information company.

CIBIL collects and maintains credit-related data of individuals and businesses, providing credit scores and reports that help lenders assess the creditworthiness of borrowers.

IPO Full Form

IPO full form refers to Initial Public Offering. It is the process through which a private company offers shares of its ownership to the public for the first time.

By conducting an IPO, a company becomes publicly traded, allowing individuals to invest in its shares and become shareholders.

ECS Full Form

ECS, which stands for Electronic Clearing Service, is a payment mechanism widely used in India for electronic fund transfers between bank accounts.

ECS facilitates various transactions, including salary payments, dividend payments, and interest payments, ensuring efficient and secure transfer of funds.

NACH Full Form

NACH full form refers to National Automated Clearing House. It is an upgraded version of the earlier ECS system. Operated by the National Payments Corporation of India (NPCI), NACH enables electronic fund transfers from one bank account to another.

It is commonly used for low-value, high-volume transactions such as utility bill payments and loan repayments.

ITR Full Form

ITR full form Income Tax Return, is a form used by taxpayers in India to file their annual income tax returns with the Income Tax Department.

Filing an ITR is mandatory for individuals earning income beyond a specified threshold, as per the Income Tax Act, 1961.

PAN Full Form

PAN, which stands for Permanent Account Number, is a unique alphanumeric identifier assigned to individuals, companies, and other entities in India for tax purposes.

PAN is issued by the Income Tax Department through NSDL and UTI and is essential for various financial transactions.

UPI Full Form

UPI full form refers to Unified Payments Interface, is a real-time payment system that enables instant fund transfers between bank accounts through a mobile device.

UPI, regulated by the Reserve Bank of India, provides a convenient and secure platform for peer-to-peer transactions.

LAF Full Form

LAF, which stands for Liquidity Adjustment Facility, is a monetary policy tool used by the Reserve Bank of India (RBI) to manage liquidity in the banking system.

LAF involves repo-based borrowing and lending between banks and the RBI to address short-term liquidity needs.

LTV Full Form

LTV full form refers to Loan-to-Value ratio. It is a financial ratio used by lenders to assess the amount of loan they can provide to a borrower based on the value of the collateral offered.

LTV helps determine the risk associated with the loan and influences the loan amount and terms.

MMID Full Form

MMID, which stands for Mobile Money Identifier, is a unique seven-digit number issued by banks in India to customers registered for mobile banking services.

MMID facilitates instant fund transfers between bank accounts using mobile devices, ensuring quick and convenient transactions.

NBFC Full Form

NBFC Full form means Non-Banking Financial Company, is a financial institution that provides financial services similar to banks but does not hold a banking license.

NBFCs are regulated by the Reserve Bank of India and play a crucial role in extending credit and financial services to individuals and businesses.

NPCI Full Form

NPCI full form refers to National Payments Corporation of India. It is a non-profit organization responsible for operating retail payment and settlement systems in India.

NPCI, established with the guidance and support of the Reserve Bank of India and the Indian Banks’ Association, aims to create a robust and efficient payment infrastructure in the country.

OTP Full Form

OTP full form refers to One Time Password. It is a security feature used to authenticate users during online transactions.

OTPs are unique and time-limited passwords generated for each transaction, adding an extra layer of security to protect against unauthorized access.

OTC Full Form

OTC Full form means Over the Counter. It refers to the trading of financial instruments directly between two parties without the involvement of a formal stock exchange.

OTC trading allows for flexible and customized transactions, particularly for less liquid or specialized securities.

PIN Full Form

PIN Full Form refers to Personal Identification Number. It is a numeric password used to authenticate users during various financial transactions, including ATM withdrawals, credit/debit card transactions, and online banking.

PINs provide an additional layer of security to ensure that only authorized individuals can access and use financial accounts.

PBX Full Form

PBX full form refers to Private Branch Exchange. It is a private telephone network used within a company or organization.

PBX enables internal communication between users through an internal telephone system and provides external access.


FALLCR full form refers to FACILITY TO AVAIL LIQUIDITY FOR LIQUIDITY COVERAGE RATIO. To know more you can read our article on FALLCR.


MIS full form refers to Management Information System. To know more you can read our article on MIS.

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