Banking Abbreviatios – Useful for JAIIB/CAIIB & IBPS Exams

Banking Abbreviations for JAIIB CAIIB IBPS

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


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

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