IMPORTANT BANKING TERMINOLOGIES

IMPORTANT BANKING TERMINOLOGIES

🔹️NPA
◆Non-Performing Asset

🔸️CIBIL
◆Credit Information Bureau (India) Limited

🔹️RTGS
◆Real Time Gross Settlement

🔸️NEFT
◆National Electronic Funds Transfer

🔹️SWIFT
◆Society for Worldwide Interbank Financial Telecommunication

🔸️IFSC 
◆Indian Financial System Code

🔹️MICR 
◆Magnetic Ink Character Recognition

🔸️KYC 
◆Know Your Customer

🔹️ATM 
◆Automated Teller Machine

🔸️POS 
◆Point of Sale

🔹️CASA 
◆Current Account Savings Account

🔸️ECS 
◆Electronic Clearing Service

🔹️EMI 
◆Equated Monthly Installment

🔸️LTV 
◆Loan-to-Value ratio

🔹️CC 
◆Limit Cash Credit Limit

🔸️OD 
◆Overdraft

🔹️FIMMDA 
◆Fixed Income Money Market and Derivatives Association

🔸️LIBOR 
◆London Interbank Offered Rate

🔹️NACH 
◆National Automated Clearing House

🔸️UPI 
◆Unified Payments Interface

🔹️BBB 
◆Bond, Bank, and Borrower

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