Collection of important abbreviations and their full forms of useful Banking terms form different government websites which are frequently asked in the examinations like JAIIB/CAIIB and IBPS.
Banking Institutions, Boards and Related Terms:
ADB – ASIAN DEVELOPMENT BANK
AIRCSC – ALL INDIA RURAL CREDIT SURVEY COMMITTEE
ARC – ASSET RECONSTRUCTION COMPANY
ASSOCHAM – ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA
BCBS – BASEL COMMITTEE FOR BANKING SUPERVISION
BCSBI BANKING CODES AND STANDARDS BOARD OF INDIA
BIFR – BOARD OF INDUSTRIAL AND FINANCIAL RECONSTRUCTION
BIRD – BANKING INSTITUTE OF RURAL DEVELOPMENT
BIS – BANK FOR INTERNATIONAL SETTLEMENTS
BIS – BUREAU OF INDIAN STANDARDS
BOLT – BSE ON – LINE TRADING (SYSTEM)
CIBIL – CREDIT INFORMATION BUREAU OF INDIA LIMITED
CRISIL – CREDIT RATING INFORMATION SERVICES OF INDIA LIMITED
DBOD – DEPARTMENT OF BANKING OPERATIONS AND DEVELOPMENT
DICGC – DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION OF INDIA
EPFO – EMPLOYEES PROVIDENT FUND ORGANIZATION
EXIM – EXPORT IMPORT BANK OF INDIA
FAO – FOOD AND AGRICULTURE ORGANIZATION
FCCB – FOREIGN CURRENCY CONVERTIBLE BOND
FEMA – FOREIGN EXCHANGE MANAGEMENT ACT
FERA – FOREIGN EXCHANGE REGULATIONS ACT
FICCI – FEDERATION OF INDIAN CHAMBERS OF COMMERCE AND INDUSTRY
FII – FOREIGN INSTITUTIONAL INVESTORS
FIMMDA –FIXED INCOME MONEY MARKET & DERIVATIVES ASSOCIATION OF INDIA
FIPB – FOREIGN INVESTMENT PROMOTION BOARD (OF INDIA)
FSSA – FOOD SAFETY AND STANDARDS AUTHORITY (OF INDIA)
HDFC – HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Also See: ‘Principles & Practices of Banking’ Questions for JAIIB Exam
HSBC – HONG KONG AND SHANGHAI BANKING CORPORATION LIMITED
IASB – THE INTERNATIONAL ACCOUNTING STANDARDS BOARD
IBRD – INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
ICAI – INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
ICAR – INDIAN COUNCIL OF AGRICULTURAL RESEARCH
ICICI – INDUSTRIAL CREDIT AND INVESTMENT CORPORATION
IDBI – INDUSTRIAL DEVELOPMENT BANK OF INDIA
IRDA – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
IDBI – INDUSTRIAL DEVELOPMENT BANK OF INDIA
IIBF- INDIAN INSTITUTE OF BANKING AND FINANCE
IRDA – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
KVIC – KHADI & VILLAGE INDUSTRIES CORPORATION
NAFED – NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA LTD
OECD – ORGANIZATION OF ECONOMIC CO-OPERATION AND DEVELOPMENT
AIRCSC – ALL INDIA RURAL CREDIT SURVEY COMMITTEE
ARC – ASSET RECONSTRUCTION COMPANY
ASSOCHAM – ASSOCIATED CHAMBERS OF COMMERCE AND INDUSTRY OF INDIA
BCBS – BASEL COMMITTEE FOR BANKING SUPERVISION
BCSBI BANKING CODES AND STANDARDS BOARD OF INDIA
BIFR – BOARD OF INDUSTRIAL AND FINANCIAL RECONSTRUCTION
BIRD – BANKING INSTITUTE OF RURAL DEVELOPMENT
BIS – BANK FOR INTERNATIONAL SETTLEMENTS
BIS – BUREAU OF INDIAN STANDARDS
BOLT – BSE ON – LINE TRADING (SYSTEM)
CIBIL – CREDIT INFORMATION BUREAU OF INDIA LIMITED
CRISIL – CREDIT RATING INFORMATION SERVICES OF INDIA LIMITED
DBOD – DEPARTMENT OF BANKING OPERATIONS AND DEVELOPMENT
DICGC – DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION OF INDIA
EPFO – EMPLOYEES PROVIDENT FUND ORGANIZATION
EXIM – EXPORT IMPORT BANK OF INDIA
FAO – FOOD AND AGRICULTURE ORGANIZATION
FCCB – FOREIGN CURRENCY CONVERTIBLE BOND
FEMA – FOREIGN EXCHANGE MANAGEMENT ACT
FERA – FOREIGN EXCHANGE REGULATIONS ACT
FICCI – FEDERATION OF INDIAN CHAMBERS OF COMMERCE AND INDUSTRY
FII – FOREIGN INSTITUTIONAL INVESTORS
FIMMDA –FIXED INCOME MONEY MARKET & DERIVATIVES ASSOCIATION OF INDIA
FIPB – FOREIGN INVESTMENT PROMOTION BOARD (OF INDIA)
FSSA – FOOD SAFETY AND STANDARDS AUTHORITY (OF INDIA)
HDFC – HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Also See: ‘Principles & Practices of Banking’ Questions for JAIIB Exam
HSBC – HONG KONG AND SHANGHAI BANKING CORPORATION LIMITED
IASB – THE INTERNATIONAL ACCOUNTING STANDARDS BOARD
IBRD – INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
ICAI – INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
ICAR – INDIAN COUNCIL OF AGRICULTURAL RESEARCH
ICICI – INDUSTRIAL CREDIT AND INVESTMENT CORPORATION
IDBI – INDUSTRIAL DEVELOPMENT BANK OF INDIA
IRDA – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
IDBI – INDUSTRIAL DEVELOPMENT BANK OF INDIA
IIBF- INDIAN INSTITUTE OF BANKING AND FINANCE
IRDA – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
KVIC – KHADI & VILLAGE INDUSTRIES CORPORATION
NAFED – NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA LTD
OECD – ORGANIZATION OF ECONOMIC CO-OPERATION AND DEVELOPMENT
Accounts and Related Banking Terms:
CASA – CURRENT AND SAVING ACCOUNT
CC – CASH CREDIT
CD – CERTIFICATE OF DEPOSIT
CFRA – COMBINED FINANCE AND REVENUE ACCOUNTS
EEFC ACCOUNTS – EXCHANGE EARNERS FOREIGN CURRENCY ACCOUNT
FD – FIXED DEPOSIT
KCC – KISAN CREDIT CARD
KYC – KNOW YOUR CUSTOMER
OD – OVER DRAFT
PPF – PUBLIC PROVIDENT FUND
RD – RECURRING DEPOSIT
Miscellaneous Banking Abbreviations and their Full Forms:
ALM – ASSEST LIABILITY MANAGEMENT
AML – ANTI MONEY LAUNDERING
APEC – ASIA – PACIFIC ECONOMIC COOPERATION
ARDR – AGRICULTURAL AND RURAL DEBT RELIEF
ATM – AUTOMATED TELLER MACHINE / ASYNCHRONOUS TRANSFER MODE
BOT – BUILD, OPERATE AND TRANSFER
BSCS – BASEL COMMITTEE ON BANKING SUPERVISION
BSE – BOMBAY STOCK EXCHANGE
BSR – BASIC STATISTICAL RETURNS
CAR – CAPITAL ADEQUACY RATIO
CARE – CREDIT ANALYSIS & RESEARCH LTD.
CBS – CORE BANKING SOLUTION
CCIL – CLEARING CORPORATION OF INDIA LIMITED
CDSL – CENTRAL SECURITIES DEPOSITORY LIMITED
CEPA – COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT
CPI – CONSUMER PRICE INDEX
CPI (AL) – CONSUMER PRICE INDEX FOR AGRICULTURAL LABORS.
CPI (IW) – CONSUMER PRICE INDEX FOR INDUSTRIAL WORKERS
CPI (RL) – CONSUMER PRICE INDEX FOR RURAL LABOURERS
CPI (UNME) – THE CONSUMER PRICE INDEX FOR URBAN NON-MANUAL
EMPLOYEES
CRAR – CAPITAL TO RISK WEIGHTED ASSET RATIO
CRR – CASH RESERVE RATIO
CST – CENTRAL SALES TAX
CTR – CASH TRANSACTION REPORT
CTT – COMMODITIES TRANSACTION TAX
DCM – DEPARTMENT OF CURRENCY MANAGEMENT
DD – DEMAND DRAFT
ECB – EXTERNAL COMMERCIAL BORROWINGS
ECS – ELECTRONIC CLEARING SERVICE
EET – EXEMPT EXEMPT TAXATION
EFT – ELECTRONIC FUND TRANSFER
EMI – EQUATED MONTHLY INSTALLMENT
FBT – FRINGE BENEFIT TAX
FDI – FOREIGN DIRECT INVESTMENT
FMCG – FAST MOVING CONSUMER GOODS
FRBM – FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT
FTA – FREE TRADE AREA
GDP – GROSS DOMESTIC PRODUCT
GEF – GLOBAL ENVIRONMENT FUND
GNP – GROSS NATIONAL PRODUCT
HUDCO – HOUSING & URBAN DEVELOPMENT CORPORATION
IAAS – INDIAN AUDIT AND ACCOUNTS SERVICE
IADF – INTERNATIONAL AGRICULTURAL DEVELOPMENT FUND
ICOR – INCREMENTAL CAPITAL OUTPUT RATIO
ICRA – INVESTMENT INFORMATION AND CREDIT RATING AGENCY
IDA – INTERNATIONAL DEVELOPMENT ASSOCIATION
IDR – INDIAN DEPOSITORY RECEIPTS
IES – INDIAN ECONOMIC SERVICE
IFAD – INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT
IFC – INTERNATIONAL FINANCE CORPORATION
IFCI – INDUSTRIAL FINANCE CORPORATION OF INDIA
IFRS – INTERNATIONAL FINANCIAL REPORTING STANDARD
IFSC – INDIAN FINANCIAL SYSTEM CODE
IMF – INTERNATIONAL MONETARY FUND
IMRB – INDIAN MARKET RESEARCH BUREAU
IREP – INTEGRATED RURAL ENERGY PLANNING
ISO – INTERNATIONAL STANDARDIZATION ORGANIZATION
ITO – INTERNATIONAL TRADE ORGANIZATION / INCOME – TAX OFFICER
KYC – KNOW YOUR CUSTOMER
LIC – LIFE INSURANCE CORPORATION (OF INDIA)
LLP – LIMITED LIABILITY PARTNERSHIP
MAT – MINIMUM ALTERNATIVE TAX
MCAP – MARKET CAPITALIZATION / MID CAP
MCX – MULTI COMMODITY STOCK EXCHANGE
MFI – MICRO FINANCE INSTITUTION
MGNREGA – MAHATMA GANDHI NATIONAL RURAL EMPLOYMENT GUARANTEE ACT
MIBOR – MUMBAI INTER BANK OFFER RATE
MICR – MAGNETIC INK CHARACTER RECOGNITION
MIS – MARKETING INTELLIGENCE SYSTEM
MRP – MAXIMUM RETAIL PRICE
MRTPC – MONOPOLIES AND RESTRICTIVE TRADE PRACTICES COMMISSION
MSME – MICRO SMALL AND MEDIUM ENTERPRISES
MSP – MINIMUM SUPPORT PRICE
NASDAQ – NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATED
QUOTATION
NAV – NET ASSET VALUE
NEFT – NATIONAL ELECTRONIC FUND TRANSFER
NPA – NON PERFORMING ASSETS
NPS – NEW PENSION SCHEME
OLTAS – ONLINE TAX ACCOUNTING SYSTEM
PACS – PRIMARY AGRICULTURE CREDIT SOCIETIES
PAN – PERMANENT ACCOUNT NUMBER (For Income Tax)
PIN – PERSONAL IDENTIFICATION NUMBER
POP – POINT OF PURCHASE
POS – POINT OF SALES
PRAN – PERMANENT RETIREMENT ACCOUNT NUMBER
PSE – PUBLIC SECTOR ENTERPRISES
RIDF – RURAL INFRASTRUCTURE DEVELOPMENT FUND
RTGS – REAL TIME GROSS SETTLEMENT
SARFAESI – THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETSAND ENFORCEMENT OF SECURITY INTEREST
SDR – SPECIAL DRAWING RIGHTS
SEZ – SPECIAL ECONOMIC ZONE
HUF – HINDU UNDIVIDED FAMILY
SHG – SELF HELP GROUP
SLR – STATUTORY LIQUIDITY RATIO
SME – SMALL AND MEDIUM ENTERPRISES
SSI – SMALL – SCALE INDUSTRIES
STDR – SPECIAL TERM DEPOSIT RECEIPT
STR – SUSPICIOUS TRANSACTION REPORT
STT – SECURITIES TRANSACTION TAX
TDR – TERM DEPOSIT RATE
TDS – TAX DEDUCTION AT SOURCE
TIN – TAX INFORMATION NETWORK
TINXSYS – TAX INFORMATION EXCHANGE SYSTEM
TRIMS – TRADE RELATED INVESTMENT MEASURES
TRIPS – TRADE RELATED INTELLECTUAL PROPERTY RIGHTS
TT – TELEGRAPHIC TRANSFER
USE – UNITED STOCK EXCHANGE
VAT – VALUE ADDED TAX
VAT – VALUE – ADDED TAX
VC – VENTURE CAPITAL
VDIS – VOLUNTARY DISCLOSURE OF INCOME SCHEME
VRS – VOLUNTARY RETIREMENT SCHEME
VVR – VOUCHER VERIFICATION REPORT
WPI – WHOLE SALE PRICE INDEX
Also See: ‘Principles & Practices of Banking’ Questions for JAIIB Exam
AML – ANTI MONEY LAUNDERING
APEC – ASIA – PACIFIC ECONOMIC COOPERATION
ARDR – AGRICULTURAL AND RURAL DEBT RELIEF
ATM – AUTOMATED TELLER MACHINE / ASYNCHRONOUS TRANSFER MODE
BOT – BUILD, OPERATE AND TRANSFER
BSCS – BASEL COMMITTEE ON BANKING SUPERVISION
BSE – BOMBAY STOCK EXCHANGE
BSR – BASIC STATISTICAL RETURNS
CAR – CAPITAL ADEQUACY RATIO
CARE – CREDIT ANALYSIS & RESEARCH LTD.
CBS – CORE BANKING SOLUTION
CCIL – CLEARING CORPORATION OF INDIA LIMITED
CDSL – CENTRAL SECURITIES DEPOSITORY LIMITED
CEPA – COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT
CPI – CONSUMER PRICE INDEX
CPI (AL) – CONSUMER PRICE INDEX FOR AGRICULTURAL LABORS.
CPI (IW) – CONSUMER PRICE INDEX FOR INDUSTRIAL WORKERS
CPI (RL) – CONSUMER PRICE INDEX FOR RURAL LABOURERS
CPI (UNME) – THE CONSUMER PRICE INDEX FOR URBAN NON-MANUAL
EMPLOYEES
CRAR – CAPITAL TO RISK WEIGHTED ASSET RATIO
CRR – CASH RESERVE RATIO
CST – CENTRAL SALES TAX
CTR – CASH TRANSACTION REPORT
CTT – COMMODITIES TRANSACTION TAX
DCM – DEPARTMENT OF CURRENCY MANAGEMENT
DD – DEMAND DRAFT
ECB – EXTERNAL COMMERCIAL BORROWINGS
ECS – ELECTRONIC CLEARING SERVICE
EET – EXEMPT EXEMPT TAXATION
EFT – ELECTRONIC FUND TRANSFER
EMI – EQUATED MONTHLY INSTALLMENT
FBT – FRINGE BENEFIT TAX
FDI – FOREIGN DIRECT INVESTMENT
FMCG – FAST MOVING CONSUMER GOODS
FRBM – FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT
FTA – FREE TRADE AREA
GDP – GROSS DOMESTIC PRODUCT
GEF – GLOBAL ENVIRONMENT FUND
GNP – GROSS NATIONAL PRODUCT
HUDCO – HOUSING & URBAN DEVELOPMENT CORPORATION
IAAS – INDIAN AUDIT AND ACCOUNTS SERVICE
IADF – INTERNATIONAL AGRICULTURAL DEVELOPMENT FUND
ICOR – INCREMENTAL CAPITAL OUTPUT RATIO
ICRA – INVESTMENT INFORMATION AND CREDIT RATING AGENCY
IDA – INTERNATIONAL DEVELOPMENT ASSOCIATION
IDR – INDIAN DEPOSITORY RECEIPTS
IES – INDIAN ECONOMIC SERVICE
IFAD – INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT
IFC – INTERNATIONAL FINANCE CORPORATION
IFCI – INDUSTRIAL FINANCE CORPORATION OF INDIA
IFRS – INTERNATIONAL FINANCIAL REPORTING STANDARD
IFSC – INDIAN FINANCIAL SYSTEM CODE
IMF – INTERNATIONAL MONETARY FUND
IMRB – INDIAN MARKET RESEARCH BUREAU
IREP – INTEGRATED RURAL ENERGY PLANNING
ISO – INTERNATIONAL STANDARDIZATION ORGANIZATION
ITO – INTERNATIONAL TRADE ORGANIZATION / INCOME – TAX OFFICER
KYC – KNOW YOUR CUSTOMER
LIC – LIFE INSURANCE CORPORATION (OF INDIA)
LLP – LIMITED LIABILITY PARTNERSHIP
MAT – MINIMUM ALTERNATIVE TAX
MCAP – MARKET CAPITALIZATION / MID CAP
MCX – MULTI COMMODITY STOCK EXCHANGE
MFI – MICRO FINANCE INSTITUTION
MGNREGA – MAHATMA GANDHI NATIONAL RURAL EMPLOYMENT GUARANTEE ACT
MIBOR – MUMBAI INTER BANK OFFER RATE
MICR – MAGNETIC INK CHARACTER RECOGNITION
MIS – MARKETING INTELLIGENCE SYSTEM
MRP – MAXIMUM RETAIL PRICE
MRTPC – MONOPOLIES AND RESTRICTIVE TRADE PRACTICES COMMISSION
MSME – MICRO SMALL AND MEDIUM ENTERPRISES
MSP – MINIMUM SUPPORT PRICE
NASDAQ – NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATED
QUOTATION
NAV – NET ASSET VALUE
NEFT – NATIONAL ELECTRONIC FUND TRANSFER
NPA – NON PERFORMING ASSETS
NPS – NEW PENSION SCHEME
OLTAS – ONLINE TAX ACCOUNTING SYSTEM
PACS – PRIMARY AGRICULTURE CREDIT SOCIETIES
PAN – PERMANENT ACCOUNT NUMBER (For Income Tax)
PIN – PERSONAL IDENTIFICATION NUMBER
POP – POINT OF PURCHASE
POS – POINT OF SALES
PRAN – PERMANENT RETIREMENT ACCOUNT NUMBER
PSE – PUBLIC SECTOR ENTERPRISES
RIDF – RURAL INFRASTRUCTURE DEVELOPMENT FUND
RTGS – REAL TIME GROSS SETTLEMENT
SARFAESI – THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETSAND ENFORCEMENT OF SECURITY INTEREST
SDR – SPECIAL DRAWING RIGHTS
SEZ – SPECIAL ECONOMIC ZONE
HUF – HINDU UNDIVIDED FAMILY
SHG – SELF HELP GROUP
SLR – STATUTORY LIQUIDITY RATIO
SME – SMALL AND MEDIUM ENTERPRISES
SSI – SMALL – SCALE INDUSTRIES
STDR – SPECIAL TERM DEPOSIT RECEIPT
STR – SUSPICIOUS TRANSACTION REPORT
STT – SECURITIES TRANSACTION TAX
TDR – TERM DEPOSIT RATE
TDS – TAX DEDUCTION AT SOURCE
TIN – TAX INFORMATION NETWORK
TINXSYS – TAX INFORMATION EXCHANGE SYSTEM
TRIMS – TRADE RELATED INVESTMENT MEASURES
TRIPS – TRADE RELATED INTELLECTUAL PROPERTY RIGHTS
TT – TELEGRAPHIC TRANSFER
USE – UNITED STOCK EXCHANGE
VAT – VALUE ADDED TAX
VAT – VALUE – ADDED TAX
VC – VENTURE CAPITAL
VDIS – VOLUNTARY DISCLOSURE OF INCOME SCHEME
VRS – VOLUNTARY RETIREMENT SCHEME
VVR – VOUCHER VERIFICATION REPORT
WPI – WHOLE SALE PRICE INDEX
Also See: ‘Principles & Practices of Banking’ Questions for JAIIB Exam