Attractive Interest Rates ; Withdraw cash with no admin fee at all Maybank ATMs and atm 5 network in Singapore; Convenience of round-the-clock online banking; Make payments at all NETS and FlashPay acceptance points with Maybank Platinum Debit Card; Eligibility. Passbook Savings Account. Banking and Financial Abbreviations are commonly asked all banking and related exams like SBI PO, IBPS PO/Clerk, IBPS RRB, RBI Grade B/Assistant, IPPB, LIC, UIIC, OICL, NICL, NIACL, etc. It's common in banking and business to use abbreviations for a wide range of specific business expressions. BSB (Bank-State-Branch) Number is a six digits numerical codes used to identify an individual branch of a financial institution in Australia. We are pleased to enclose herewith your personalised YES BANK Passbook, the details of which are given below. Bank of India. This Glossary will help you to understand meanings of abbreviations used in SAP Documentation, Program names, the very Banking area, etc. Abbreviations on bank, credit card or utility statements: ABBREVIATION: WHAT IT STANDS FOR: DESCRIPTION: APR: Annual Percentage Rate: A rate of interest payable over a year. Do you have a list of statement abbreviations… 5. 8. Why is it important? BSB Number is used in Australian Paper Clearing System (APCS) and Bulk Electronic Clearing System (BECS) payment systems. 7. For every bank competitive exams and Insurance exams banking abbreviations plays a vital role. Meaning of Bank Pass Book: Passbook or Bank Statement is a copy of the account of the customer as it appears in the bank’s books. Acronyms: Abbreviations: ABEDA: Arab Bank for Economic Development in Africa. The BDO Peso Passbook Savings Account lets you enjoy the benefits of a typical interest-earning account with the security of a passbook. List of banking terms- mostly used words in daily banking- full forms and abbreviations of banking terminology. Created in 1933 in response to the thousands of bank failures of the 1920s, the FDIC insures deposits in banks and thrift institutions of up to $250,000 per depositor, per insured bank. If you would like to add up more abbreviations to this article which is commonly used in your region, you may write at bottom of this article. You'll find each expression followed by the appropriate abbreviations below. CRTR = credit transfer 7. 2. Suppose a business man has a bank account. We value your patronage and welcome you to an enduring relationship of prosperity with YES BANK. Allahabad Bank. IDBI Bank's mPassbook Android version is an application to access physical passbook in an electronic form at the convenience of your mobile phone. Banking and financial abbreviations are asked every year in the banking examination. The transaction is entered in the passbook. ACF: Auto Correlation Function. ATM - Automated Teller (Cash) Machine ATM. Brobeck agrees, saying passbook savings accounts are also an attractive teaching tool for children because of the low fees associated with this type of account. We hope, it may help you in Competitive exams !! Below are the most common abbreviations for transaction types that may be shown on your bank account statement. In some cases, deposits can be made electronically before a customer arrives at the bank. With a passbook savings account, you do not use an ATM card to withdraw your funds--withdrawals must be made in person. Cr means credit. Remember that abbreviations and acronyms are used differently in English. CRCL= credit clearing 5. "Most banks will make an effort not to … Abbreviations are used to replace words or expressions while acronyms simply take the first letter of each word. 4. List of Important Abbreviations used in Banking and Finance Industry: In Analytical Banking there are a lot of abbreviations used. This book is provided to the customer or account holder at the home branch of the bank. Benefits. Going through the list of abbreviation will help the candidates in scoring better. So that you can probe the mistake in a given bank statement. Bank Statement Abbreviations: Banks play the role of a reservoir of money and bank statement is what manifests the summary of an account holder’s finance’s details, transactions, withdrawals, the amount left in the bank. Can take up to … At some banks, the passbook itself is bigger than it was in the past. List of Bank Passbook or Statement as Address Proof for Passport PUBLIC SECTOR BANKS. "How to Activate My BDO ATM or Passbook Account for Online Banking If I'm in Riyadh, Saudi Arabia" was written by admin under the Banking category. 7. Enjoy one of the highest interest rates on savings accounts in Singapore. It's true that … 5 IMPORTANT ABBREVIATIONS AFC : ATM Funds Transfer CLG : … Also he will maintain a cash book of his own to record his day to day cash transactions and at the year end balance of cash book and bank account passbook should tally. If you want to make a withdrawal, you'll have to go to the bank, fill out a slip, and hand it to the teller. Enter Start and End Dates to determine when the bank transaction code is considered active. Ask a question. Bank Statement Abbreviations. The most basic thing of banking that is the account number, IFSC code, etc. Feel free to add any Banking related abbreviations to the following table. CWDR= cash withdrawal 2. Abbreviations A. Here is the list of Banking and financial abbreviations: A. AEPS: Aadhar Enabled Payment System; APBS: Aadhar Payment Bridge System; ATM: Automated Teller Machine List page number 2 Below are the most common abbreviations for transaction types that may be shown on your bank account statement. Common Abbreviations. The article was created on 15 March 2014 and updated on 15 March 2014. are printed on the first page of the bank passbook. - apartment; A.S.A.P. Pralay Mondal Senior Group President & Head - Retail & Business Banking. Abbreviations are commonly asked in IBPS, SBI, RBI, RRB, UPSC and other banking exams.We provided some important abbreviation related to Banking.