Important Banking Abbreviation 2020, Download PDF, GA For Exams

IMPORTANT BANKING ABBREVIATION 2020: If you are aspiring to sit for any Govt exam this year, you need to start preparing right now.

As you know the competition is really very tough. So you need to prepare in a proper manner in order to succeed in Exams.

Before Preparing for any exam, it is important to know which type of exam you are preparing for. You should have complete knowledge about the Question pattern and the Selection Procedure.

General Awareness Section is one of the most important topics for all competitive exams. So start preparing right now and leads ahead of millions of students.

Abbreviations are mostly asked in banking exams, UPSC, SSC Exams, RRB, RBI, SBI, and all banking exams.

In this article, we are covering the Important Banking Abbreviation 2020. It is one of the most important topics for exams.

We have also provided a pdf for the candidate’s reference.

So candidates can download our list for their preparation to score more marks in Important Banking Abbreviation related questions.

The PDF download link is given below.

Important Banking Abbreviation 2020

FCNR- FOREIGN CURRENCY NON-RESIDENT ACCOUNT
AEBA- AADHAAR ENABLED BANK ACCOUNT
PCA- PROMPT CORRECTIVE ACTION(CAR, NPA, ROA)
MSF- MARGINAL STANDING FACILITY
APBS- AADHAAR PAYMENT BRIDGE SYSTEM
LAF- LIQUIDITY ADJUSTMENT FACILITY( REPO RATE + REVERSE REPO RATE)
ELSS- EQUITY LINK SAVING SCHEME
SFMS- STANDARD FINANCIAL MESSAGING SYSTEM
CASA- CURRENT ACCOUNT SAVING ACCOUNT
SWIFT- SOCIETY FOR WORLDWIDE INTERNABK FINANCIAL TELECOMMUNICATION( HQ- BRUSSELS, BELGIUM)
LTV- LOAN TO VALUE RATIO
Important Banking Abbreviation 2020
AMRUT- ATAL MISSION FOR REJUVENATION AND URBAN TRANSFORMATION
MUDRA- MICRO UNIT DEVELOPMENT REFINANCE AGENCY
PCA- PROMPT CORRECTIVE ACTION
SHG- SELF HELP GROUP( NABARD)
UPI- UNIFIED PAYMENTS INTERFACE( LAUNCHED BY NPCI IN 2016)
WMA- WAYS AND MEANS ADVANCES(SHORT TERM LOAN)
PCA- PROMPT CORRECTIVE ACTION
IFSC- INDIAN FINANCIAL SYSTEM CODE(11 DIGIT CODE)
UPI- UNIFIED PAYMENT INTERFACE
NSDL- NATIONAL SECURITY DEPOSITORY LIMITED
RERA- REAL ESTATE REGULATORY AUTHORITY
CERSAI- CENTRAL REGISTRY OF SECURITIZATION ASSET RECONSTRUCTION AND SECURITY INTERNET
Important Banking Abbreviation 2020
TIES- TRADE INFRASTRUCTURE FOR EXPORT SCHEME
MIBOR- MUMBAI INTERBANK OFFERED RATE
NCLT- NATIONAL COMPANY LAW TRIBUNAL
EFTPOS- ELECTRONIC FUND TRANSFER AT POINT OF SALE
CBLO- COLLATERALIZED BORROWING AND LENDING OBLIGATION NFS- NATIONAL FINANCE SWITCH
AEPS- AADHAAR ENABLED PAYMENT SYSTEM LEI- LEGAL ENTITY INDENTIFIER(20 DIGIT CODE)  
NACH- NATIONAL AUTOMATED CLEARING HOUSE
ECS- ELECTRONIC CLEARING HOUSE
CNP- CARD NOT PRESENT
Important Banking Abbreviation 2020
MUDRA-MICRO UNIT DEVELOPMENT REFINANCE AGENCY
VPA- VIRTUAL PAYMENT ADDRESS
APBS- AADHAAR PAYMENT BRIDGE SYSTEM
RIDS- RURAL INFRASTRUCTURE DEVELOPMENT FUND
SARFAESI- SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT( ACT 2002) NCLT- NATIONAL COMPANY LAW TRIBUNAL
MDR- MERCHANT DISCOUNT RATE
PMAY- PRADHAN MANTRI AWAS YOJANA
MCLR- MARGINAL COST OF FUND BASED LENDING RATES
FDI – FOREIGN DIRECT INVESTMENT
CRR- CASH RESERVE RATIO
MICR- MAGNETIC INK CHARACTER RECOGNITION
NBFC- NON BANKING FINANCE COMPANIES
RTGS- REAL TIME GROSS SETTLEMENT SYSTEM
SHG-SELF HELP GROUP
TDS-TAX DEDUCTED AT SOURCE
VPA-VIRTUAL PAYMENT ADDRESS
Important Banking Abbreviation 2020

Static GK Topics 2020 For Bank Exams

Dear Aspirants, In this article we cover list of most important Static GK topics for the upcoming banking exams 2020-

  • Country Capital
  • Country Currency
  • Important days
  • Organizations,  Headquarter & Heads
  • Banking History
  • Banking Terms and Abbreviations
  • Banks headquarter, CMDs, Tagline
  • Public and Private sector banks
  • Merger of Banks
  • RBI
  • RBI Rates
  • Small Finance Banks
  • Denomination of Notes, New Notes
  • Stock Exchange
  • Revolution
  • Census
  • Budget
  • National Thermal & Nuclear Power Plant
  • Dams and river
  • Stadium and grounds
  • Rivers and Cities
  • Wildlife Sanctuaries and parks
  • Research centers in India
  • Cabinet Ministers and Constituencies
  • Indian Boundary Lines and Borders
  • Latest awards and related fields, etc.

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Last Updated: July 7,2020 12:00:28 AM

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