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Monday, 4 December 2017

COMMON ABBREVIATIONS ASKED IN PROMOTION EXAMINATION


MOST COMMON ABBREVIATIONS USED IN BANK / PROMOTION EXAMINATION


  1. MMID ……………Mobile money Identifier
  2. NPCI    ………….National Payment Corporation of India
  3. CVV2   .……..…..Card Verification Value
  4. NUUP ……………National Unified USSD Platform
  5. CTR   ….…………Cash Transaction Report
  6. CAP ……………..Customer Acceptance Policy
  7. CIP ………………Customer Identification Procedure
  8. FATCA  …………Foreign Accountancy Tax Compliance Act
  9. CRILC   …………Central Repository Information in Large Credits
  10. LABOD …………Loan against banks own Deposit
  11. SMA …………….Special Mentioned account
  12. SOL ……………..Service outlet
  13. JLF ……………...Joint Liability Forum
  14. MUDRA   ……….Micro Unit Development and Refinance Agency Limited
  15. NIM  …………..…Net interest Margin
  16. BCSBI  ………….Banking Codes and standard Board of India
  17. LMS  …………….Learning Management System
  18. CFT ..…………... Combating the financing of Terrorism
  19. KYC ……………. Know Your Customer
  20. FIU-IND  ………..Financial Intelligence Unit India
  21. NEFT   ………….National Electronic Fund Transfer
  22. RTGS  …………..Real Time Gross Settlement
  23. PMJDY    ……….Pradhan Mantri Jan Dhan Yojna
  24. PMJJBY ………. Pradhan Mantri Jeevan Jyoti Beema Yojna
  25. PMSBY  ………. Pradhan Mantri Suraksha Beema Yojna
  26. PMMY    ………..Pradhan Mantri Mudra Yojna
  27. APY      …………Atal Pension Yojna
  28. AML  …………….Anti Money Laundering
  29. PML  …………….Prevention of Money Laundering Act 2002
  30. DBT  …………….Direct Benefit Transfer
  31. CSR  …………….Corporate Social Responsibility
  32. BHIM …………….Bharat Interface for Money
  33. UPI ………………Unified Payment Interface
  34. ATM ……………..Automated Teller Machine
  35. IMPS ……………Immediate Payment Services
  36. USSD …………..Unstructured Supplementary Services Data
  37. MFK …………….Multi Function Kiosk
  38. ASBA …………...Application Supported by Blocked Amount
  39. IVR ………………Interactive Voice Response
  40. CTS ……………..Cheque Truncation System
  41. NACH …………...National Automated Clearing House
  42. ASCROM ……….Asset Classification and Credit Monitoring
  43. MICR …………….Magnetic Ink Recognition Technology
  44. FEMA ……………Foreign Exchange Management act

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