RD Full Form in Bank: Meaning, Definition and How It Works
RD stands for Recurring Deposit. It is a special term deposit offered by Indian banks, post offices, and NBFCs that…
Author: Raghav Chadda
SWIFT Full Form in Banking: Meaning, Definition and How It Works
Send money to a bank account in Germany or receive a wire transfer from the US — and behind the…
SLR Full Form in Banking: Meaning, Definition and How It Works
What Is the SLR Full Form in Banking? SLR stands for Statutory Liquidity Ratio. It is a mandatory reserve requirement…
PPS Full Form in Banking: Meaning, Definition
In the Indian banking context PPS most commonly refers to Pre-Paid Service or Prepaid Payment Service — the broader category…
SMA Full Form in Banking: Meaning, Definition and How It Works
SMA stands for Special Mention Account. It is a loan account classification introduced by the Reserve Bank of India (RBI)…
WEF Full Form in Banking: Meaning, Definition
Three letters that appear constantly in banking circulars, loan sanction letters, rate revision notices, and RBI policy announcements: WEF. They…
IMPS Full Form in Banking: Meaning, Definition and How It Works
IMPS stands for Immediate Payment Service. It is a real-time interbank fund transfer system launched on November 22, 2010, by…
ACH Full Form in Banking: Meaning, Definition and How It Works
ACH stands for Automated Clearing House. It is a computer-based electronic network that processes bulk financial transactions — both credits…