Author: Raghav Chadda

UTR stands for Unique Transaction Reference. It is a unique alphanumeric reference number automatically generated by the banking system for…

RRB stands for Regional Rural Bank. Regional Rural Banks are government-owned scheduled commercial banks that operate at the regional level…

If you maintain a sizeable relationship with your bank — a large deposit, an active loan, or an investment portfolio…

UPI stands for Unified Payments Interface. It is a real-time digital payment system developed by the National Payments Corporation of…

TRF stands for Transfer — specifically, Funds Transfer. It is a generic abbreviation that appears in bank statements, passbooks, and…

TRTR stands for Transfer Transaction. It is a bank statement abbreviation used by many Indian banks to indicate that a…

Invest Rs.10 lakh in an FD at 7% and expect Rs.70,000 interest at the end of the year. But what…

TDR stands for Term Deposit Receipt — the official document or certificate that a bank issues when a Term Deposit…

You check your SBI bank statement and see an unexpected SWPO debit. No SMS came before it. You don’t remember…

SOA — Statement of Account — is the formal record of everything that happened in your bank account during a…