Account Aggregator
A regulated service that lets you share financial information between providers only with your consent.
Example: You can consent to share bank statements with a lender through an Account Aggregator.
Reference
Banking acronym glossary
Tap any abbreviation on the site for a short explanation. This reference covers the terms used in our product facts, tables and source notes.
Airports Authority of India
The statutory authority that manages many airports and air-navigation services in India.
Example: An airport-linked card offer may refer to an AAI airport.
United Arab Emirates Dirham
The official currency of the United Arab Emirates, used in some foreign-currency products.
Example: A forex card may allow an AED wallet.
Aadhaar Enabled Payment System
A banking service that uses Aadhaar authentication for basic transactions through a participating banking correspondent.
Example: A customer can withdraw cash at a micro-ATM after Aadhaar authentication.
Animal Husbandry Infrastructure Development Fund
A government-backed financing framework for eligible animal-husbandry infrastructure projects.
Example: A dairy or livestock project may seek an AHIDF-supported facility through a participating bank.
All India Council for Technical Education
The government body that approves and oversees many technical education institutions and programmes in India.
Example: An education loan may ask whether the course is in an AICTE-approved institution.
Acquired Immunodeficiency Syndrome
A condition caused by advanced HIV infection; insurance exclusions and underwriting rules must be read in the exact policy wording.
Example: A health policy may state how HIV/AIDS-related conditions are treated.
Alternative Investment Fund
A privately pooled investment fund for a defined group of investors, usually with a higher minimum investment.
Example: A private equity fund can be structured as an AIF.
American International Group
A global insurance group whose Indian insurance business may be named in bank-distributed policy records.
Example: A policy page may identify Tata AIG as the insurer.
All India Survey on Higher Education
A Ministry of Education survey that collects statistics about higher education institutions and enrolment in India.
Example: An education-loan page may refer to an AISHE institution code.
Average Monthly Balance
The average balance kept in an account over a month, used for some minimum-balance rules.
Example: If the account's AMB is below the required level, a service charge may apply.
Asset Management Company
A company that manages pooled investments such as mutual funds for investors.
Example: The AMC invests a mutual-fund scheme's money according to its stated mandate.
Association of Mutual Funds in India
The industry association representing mutual funds in India and publishing investor information.
Example: Mutual-fund distributor and scheme information can be checked through AMFI resources.
Anti-Money Laundering
Checks and controls used to prevent financial services from being used to hide or move illegal funds.
Example: A bank may ask for extra information as part of AML checks.
Application Programming Interface
A controlled software connection that lets one system exchange data or instructions with another.
Example: A business-banking API can send payment instructions from an accounting system.
Annual Percentage Rate
The yearly cost of borrowing expressed as a percentage, including the interest rate and certain charges where applicable.
Example: A card's APR helps compare the cost of carrying a balance over a year.
Atal Pension Yojana
A government pension scheme designed mainly for workers in the unorganised sector.
Example: A subscriber contributes during working years and receives a defined pension after the eligible age.
Average Quarterly Balance
The average balance maintained in an account during a quarter, used for some account conditions.
Example: A current account may publish an AQB requirement instead of an AMB requirement.
Application Supported by Blocked Amount
A way to apply for an IPO where the application money stays blocked in your bank account until allotment.
Example: With ASBA, only the allotted amount is debited; the rest is released.
Automated Teller Machine
A self-service machine used for cash withdrawals, deposits, balance enquiries and other banking services.
Example: The card's ATM limit is the maximum cash that can be withdrawn in a stated period.
Australian Dollar
The official currency of Australia, used in some foreign-currency products.
Example: A travel card may support an AUD wallet.
Assets Under Management
The total market value of investments managed by a fund manager or institution.
Example: A mutual fund's AUM changes as investors add or withdraw money and prices move.
Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy
The Government of India's umbrella term for these traditional systems of medicine.
Example: A health policy may list AYUSH treatment separately from ordinary hospitalisation.
Bharat Bill Payment System
An interoperable bill-payment network that lets customers pay many types of bills through participating channels.
Example: Electricity and mobile bills can be paid through a BBPS-enabled app or branch.
Business Correspondent
A bank-authorised agent that provides selected banking services outside a branch.
Example: A BC can help with account access, cash services or assisted digital transactions.
Bachelor of Engineering
An undergraduate engineering degree.
Example: A bank's education-loan page may list BE as an eligible professional course.
Bank Guarantee
A promise by a bank to pay a beneficiary if its customer fails to meet a specified obligation.
Example: A contractor may provide a BG to an authority as security for completing work.
Bharat Interface for Money
An Indian mobile payment app and interface built around UPI payments.
Example: A user can send money by scanning a QR code in BHIM.
Baroda Kisan Credit Card
Bank of Baroda's farmer-credit-card facility for eligible agricultural borrowers.
Example: A BKCC limit can fund crop and related agricultural working-capital needs.
Brihanmumbai Municipal Corporation
The civic authority governing Mumbai, referenced in some property, infrastructure and payment contexts.
Example: A municipal-tax payment service may support BMC bills.
Banque Nationale de Paris
The historical expansion behind the BNP name used by BNP Paribas, an international bank with an Indian branch.
Example: The RBI directory may list BNP Paribas under its legal bank name.
Bank of Baroda
A public-sector bank in India; BOB is its common short form.
Example: A BOB product page is an official Bank of Baroda source.
Bank of Baroda Card
The card-issuing brand used for Bank of Baroda credit-card products.
Example: BOBCARD may publish a card's fees, eligibility and rewards separately from the bank's account pages.
Baroda Portfolio backed Approved Limit
Bank of Baroda's facility against eligible securities held in a portfolio or demat account.
Example: BOB-PAL publishes separate margins for equity and debt securities.
Bharat Petroleum Corporation Limited
An Indian oil marketing company; its fuel stations may be part of co-branded card offers.
Example: A co-branded card may give fuel benefits at BPCL outlets.
Benchmark Prime Lending Rate
An older bank lending benchmark used in some legacy loan contracts before newer benchmark systems.
Example: A legacy loan agreement may state interest as BPLR plus or minus a spread.
Baroda Repo Linked Lending Rate
Bank of Baroda's retail lending benchmark, linked to the RBI repo rate plus the bank's published markup or base spread.
Example: A loan can be priced as BRLLR plus a product and borrower-specific spread.
Border Roads Organisation
The government organisation that builds and maintains roads and infrastructure in border areas.
Example: A salary account may list BRO personnel among eligible defence customers.
Basic Savings Bank Deposit
A basic savings account with simple features and generally no minimum-balance requirement under its rules.
Example: A BSBD account is intended for essential banking access.
Border Security Force
India's federal border-guarding force, included in some salary-package and insurance eligibility lists.
Example: A defence salary package may cover eligible BSF personnel.
Business Segment Premium
A Bank of Baroda lending spread component applied with the published benchmark and credit-risk premium where stated.
Example: The applicable rate may be shown as EBLR plus CRP plus BSP.
Bachelor of Technology
An undergraduate engineering or technology degree.
Example: A student admitted to a recognised B.Tech course may apply for an education loan.
Current Account
Also: Chartered Accountant
In banking tables, CA usually means a current account; in professional eligibility text it can mean a chartered accountant. The surrounding source determines which meaning applies.
Example: A CA account is a current account, while a CA professional card may target a chartered accountant.
Canadian Dollar
The official currency of Canada, used in some foreign-currency products.
Example: A forex card may support a CAD wallet.
Computer Age Management Services
An Indian mutual-fund registrar and transfer agent that maintains investor and transaction records for participating fund houses.
Example: A bank investment service may use CAMS records for mutual-fund transactions.
Central Armed Police Forces
The collective term for India's federal armed police organisations, including forces such as CRPF, BSF, CISF, ITBP and SSB.
Example: A salary package may publish separate eligibility rules for CAPF personnel and pensioners.
Central Armed Police Salary Package
A salary-package classification for eligible central armed-police personnel.
Example: CAPSP benefits apply only to the eligible employee or pensioner segment.
Current Account Savings Account
A bank's combined current-account and savings-account deposits, which are usually lower-cost funding for the bank.
Example: Banks often report CASA as a share of their deposits.
Central Bank Digital Currency
Digital money issued by a country's central bank, rather than by a commercial bank or private wallet.
Example: The digital rupee is India's CBDC project.
Central Board of Direct Taxes
The statutory board responsible for administering India's direct-tax laws.
Example: A tax-payment service may route challans for CBDT obligations.
Compressed Biogas
Purified biogas compressed for use as a transport or industrial fuel.
Example: A CBG project may seek financing for its production plant.
Core Banking Solution
The central banking system that connects a bank's branches, accounts and transaction channels.
Example: A transfer between connected branches may be credited instantly through CBS.
Central Depository Services (India) Limited
An Indian securities depository that holds shares and other securities electronically.
Example: A demat account can be maintained with CDSL or NSDL.
Chartered Financial Analyst
A professional investment and financial-analysis qualification.
Example: A professional banking offer may specify CFA members among eligible customers.
Central Government Employees Salary Package
A salary-package classification for eligible central-government employees.
Example: CGESP customers may receive package-specific account and card concessions.
Credit Guarantee Fund for Micro Units
A credit-guarantee framework that can support eligible micro-unit loans under the applicable government scheme.
Example: A qualifying micro business may receive a loan backed by CGFMU coverage.
Central Goods and Services Tax
The central component of GST charged on an intra-state taxable supply.
Example: A bank fee invoice may show CGST together with SGST.
Credit Guarantee Fund Trust for Micro and Small Enterprises
A trust that provides credit guarantees to participating lenders for eligible micro and small enterprise facilities, subject to its scheme rules.
Example: An eligible collateral-free MSME loan may be covered under CGTMSE.
Credit Information Bureau (India) Limited
A credit information company whose name is commonly used for the credit score and report it provides in India.
Example: A lender may review a customer's CIBIL score before approving a loan.
Credit Information Company
A company licensed to collect and share borrowers' credit history with members such as banks and lenders.
Example: A credit report is prepared from information supplied to a CIC.
Customer Information File
A bank's record that groups a customer's accounts and identification information under a common reference.
Example: A family or business relationship may be maintained under one CIF.
Corporate Identity Number
A unique number issued by India's Registrar of Companies to identify a registered company.
Example: A company or insurer's official filing may show its CIN.
Corporate Internet Banking
Online banking access designed for companies and other business customers.
Example: A CINB portal may let an authorised user approve payments and download account statements.
Customer Information Sheet
A short insurance summary that presents key benefits, limits, exclusions and other important policy terms.
Example: Read the CIS alongside the full policy wording before buying cover.
Central Industrial Security Force
India's federal security force responsible for protecting airports, metros, ports, public-sector industrial units and other critical installations.
Example: A banking package may offer benefits to eligible CISF employees under the published service rules.
Central Know Your Customer
A central KYC record that lets a customer use one verified identity record across participating financial institutions.
Example: A CKYC number can reduce the need to submit the same identity documents again.
Cost and Management Accountant
A professional accountant qualified in cost and management accounting; some bank products have special eligibility or card variants for CMA members.
Example: A professional card may be offered to an eligible CMA member.
Credit Management Rating
A bank's internal or published borrower-risk grade used in some business-loan pricing tables.
Example: A higher-risk CMR band may carry a wider spread.
Compulsory Personal Accident
A motor-insurance personal-accident cover required under specified rules for the vehicle owner-driver.
Example: A motor policy may show CPA separately from the vehicle's own-damage cover.
Card Payment and Cash Receipt
A source-specific card or cash-receipt process abbreviation used in SBI operational material.
Example: Read the CPCR booklet's channel and top-up limits together.
Corporate Policyholder Servicing Charge — Special Purpose Vehicle
A source-specific insurance intermediary or servicing-cap shorthand; use the exact policy or tariff wording for its charge and cap.
Example: A commission table may list a separate CPSC-SPV ceiling.
Commercial Real Estate
Property used for business or income-generating purposes rather than as a person's ordinary residence.
Example: A home-loan variant may apply CRE terms when a borrower owns multiple dwellings or finances a commercial property.
Credit Risk Guarantee Fund Scheme
A credit-guarantee scheme for eligible low-income housing loans; the exact cover and conditions come from the bank and scheme documents.
Example: A qualifying housing loan may receive guarantee support instead of conventional collateral.
Credit Rating Information Services of India Limited
An Indian analytical and credit-rating company whose ratings or research may be referenced in financial material.
Example: A bond document may cite a CRISIL rating.
Credit Risk Premium
A lending spread added to a benchmark to reflect the borrower's or facility's assessed credit risk.
Example: A floating loan may be quoted as EBLR plus CRP and other published spreads.
Central Reserve Police Force
India's federal armed police force for internal security, public-order support, counter-insurgency and election duties.
Example: A salary package may list eligible CRPF personnel and pensioners among its covered customers.
Central Sector Interest Subsidy Scheme
A government interest-subsidy scheme for eligible education loans, subject to its income, course and institution rules.
Example: An eligible student may receive CSIS support during the specified moratorium period.
Corporate Social Responsibility
A company's social, environmental and community responsibilities under the applicable law and policy.
Example: A bank's annual report may describe its CSR projects.
Cross-Site Request Forgery
A web-security attack in which an unwanted request is submitted using a user's active session.
Example: A CSRF token helps a bank form verify that the request came from its own page.
Card Verification Value
The short security code printed on a payment card and used to help verify some card-not-present transactions.
Example: Do not share your CVV in response to an unsolicited call or message.
Documents Against Acceptance
A trade-finance collection arrangement in which documents are released when the buyer accepts a future payment obligation.
Example: An import bill under DA gives the buyer a stated usance period.
Direct Benefit Transfer
A government payment sent directly to an eligible person's bank account instead of through an intermediary.
Example: A subsidy may be credited to the beneficiary's account through DBT.
Dynamic Currency Conversion
A merchant or ATM option that converts a foreign transaction into the cardholder's home currency at the point of payment.
Example: Declining DCC can let the card network apply its own exchange rate instead.
Demand Draft
A bank-issued payment instrument that is paid to the named recipient when presented under the bank's rules.
Example: A college may accept a DD for an application or fee payment.
Deposit Insurance and Credit Guarantee Corporation
The RBI subsidiary that insures eligible bank deposits up to the applicable statutory limit.
Example: Eligible deposits are covered within the DICGC insurance limit per depositor per bank.
Date of Birth
The calendar date on which a person was born, used for identity and age checks.
Example: A bank may request DOB proof when opening an account.
Depository Participant
An intermediary authorised by a securities depository to provide demat and related services to investors.
Example: A bank or broker can act as the customer's DP for a demat account.
Department for Promotion of Industry and Internal Trade
The Government of India department that handles industrial policy and startup-recognition matters.
Example: A startup loan may require a DPIIT recognition certificate.
Direct Selling Agent
An authorised intermediary that sources or assists with applications for a bank or lender, subject to its conduct rules.
Example: A DSA may help collect application documents but cannot approve the loan.
Doorstep Banking
A service that lets eligible customers request selected banking services at a chosen doorstep instead of visiting a branch.
Example: A DSB agent may collect a cheque or deliver a document, subject to the published service limits.
Debt Service Coverage Ratio
A measure of whether cash flow is sufficient to cover scheduled loan repayments.
Example: A DSCR above 1 means the measured cash flow is higher than the debt service.
Defence Salary Package
SBI's salary-account package for eligible defence personnel and related pensioners, subject to the bank's current service classification.
Example: DSP account benefits apply only when the customer is mapped to the correct defence package.
Double Taxation Avoidance Agreement
A tax treaty between countries that allocates taxing rights and may reduce double taxation.
Example: An NRI may submit documents to claim DTAA treatment on eligible interest.
Earnings Before Interest, Taxes, Depreciation and Amortisation
A measure of operating performance before financing, tax and certain non-cash expenses.
Example: A lender may use EBITDA when assessing a business's repayment capacity.
External Benchmark Lending Rate
A lending rate linked to an outside benchmark such as the RBI repo rate, with the bank's spread added.
Example: A floating-rate home loan may be priced as EBLR plus a spread.
External Benchmark Rate
A lending benchmark set by reference to an external rate rather than only the bank's internal funding cost.
Example: A product may state an external benchmark rate plus a spread.
External Commercial Borrowing
A borrowing raised by an eligible Indian entity from an overseas lender under the applicable RBI framework.
Example: An ECB must follow the permitted maturity, end-use and reporting rules.
Electronic Clearing Service
An electronic system for recurring credits or debits, such as salaries, dividends or loan instalments.
Example: A borrower can authorise ECS for a monthly EMI debit.
Employees' Deposit Linked Insurance
An insurance benefit linked to eligible Employees' Provident Fund membership under the statutory scheme.
Example: An employer's EPFO records determine EDLI coverage under the scheme.
Entrepreneurship Development Programme
A training or support programme for entrepreneurs; some education-loan pages use EDP for qualifying programmes or institutions.
Example: An EDP loan may require proof of admission to an eligible programme.
Equated Monthly Instalment
A regular payment made towards a loan; it usually contains both interest and principal.
Example: An EMI calculator estimates the monthly payment for a chosen amount, rate and tenure.
Electronic Money Transfer
A general bank shorthand for an electronic transfer; the bank's tariff defines the supported channel and fee.
Example: An EMT charge may differ by branch, online or international channel.
Europay, Mastercard and Visa
The chip-card payment standard used to authenticate many in-person card transactions.
Example: An EMV chip helps protect a card payment when it is inserted or tapped at a compatible terminal.
Employees' Provident Fund
A retirement savings fund built from contributions by eligible employees and employers.
Example: An employee's EPF contribution is deducted from salary under the applicable rules.
Employees' Provident Fund Organisation
The statutory organisation that administers EPF and related social-security schemes in India.
Example: EPFO records can be accessed through its member services.
Enterprise Resource Planning
Business software that integrates functions such as finance, inventory, sales and operations.
Example: A bank's payment API may connect with a customer's ERP.
Employees' State Insurance Corporation
The statutory organisation that administers India's Employees' State Insurance social-security scheme.
Example: An employer may pay ESIC contributions through a bank's internet-banking portal.
Exchange Traded Fund
An investment fund whose units trade on a stock exchange and usually track an index or asset.
Example: A demat customer can buy or sell an ETF during market hours.
European Union
A political and economic union whose countries may share payment, tax or regulatory arrangements.
Example: An international transfer form may ask whether the beneficiary is in the EU.
Euro
The common currency used by many European countries, supported by some foreign-currency products.
Example: A forex card may support a EUR wallet.
Economically Weaker Section
A government-defined income category used for some housing and welfare programmes, subject to the applicable rules.
Example: An EWS housing scheme may publish a separate loan or subsidy limit.
Frequently Asked Questions
A collection of common questions and their answers about a product or service.
Example: The product FAQ may explain how a fee waiver works.
Foreign Currency Non-Resident
A term deposit account for eligible non-residents that is held in a permitted foreign currency.
Example: Interest and principal on an FCNR deposit are maintained in the chosen foreign currency.
Fixed Deposit
A deposit kept for a chosen period at a stated interest rate, subject to the product's withdrawal rules.
Example: A five-year tax-saving FD may have a lock-in period.
Fixed Deposit Receipt
The receipt or record issued for a fixed deposit, showing its amount, tenure and interest terms.
Example: An e-FDR may be issued electronically instead of as a paper receipt.
Foreign Exchange Management Act
India's law governing foreign exchange transactions and cross-border payments.
Example: A remittance may be subject to FEMA rules and limits.
Flexi Fixed Deposit
A deposit arrangement that links a fixed deposit with a transaction account so surplus or shortfall can be managed automatically.
Example: A sweep facility may move excess balance into an FFD.
First Information Report
The police report recording information about a suspected offence, often requested for eligible insurance or fraud claims.
Example: A motor claim may require the FIR number and copy where applicable.
Foreign Inward Remittance Certificate
A bank-issued record confirming receipt of money into India from abroad.
Example: A business may request a FIRC as evidence of an inward remittance.
Fixed Obligations to Income Ratio
The share of income already committed to fixed payments such as existing EMIs and rent.
Example: A lender may reduce the eligible loan amount when FOIR is high.
Farmer Producer Company
Also: Farmer Producer Organisation / Company
A farmer-owned producer entity that can be eligible for agricultural or business finance.
Example: An FPC may apply for working-capital or infrastructure finance.
Follow-on Public Offer
Also: Farmer Producer Organisation
In securities material, FPO means a public issue by an already listed company; in agricultural-finance material, it means a farmer-owned producer collective. The surrounding source controls.
Example: Investors can apply for a listed company's FPO, while an agricultural loan may finance an eligible Farmer Producer Organisation.
Foreign Exchange
The conversion or movement of one currency into another.
Example: FX rates and charges apply to an international remittance.
Financial Year
The twelve-month accounting period used for reporting and tax purposes; in India it normally runs from 1 April to 31 March.
Example: Interest income may be reported for the FY in which it is earned.
British Pound Sterling
The official currency of the United Kingdom, used in some foreign-currency products.
Example: A forex card may support a GBP wallet.
Guaranteed Investment Certificate
A fixed-term deposit certificate, commonly used for some overseas-study banking arrangements; its rate and release rules come from the issuing institution.
Example: A student may place settlement funds in a GIC before travelling to Canada.
Gross Monthly Income
Income before deductions, used in some lending eligibility or repayment-capacity calculations.
Example: A lender may cap total EMIs at a percentage of GMI.
Group Personal Accident
Personal-accident insurance arranged for a defined group of people under one policy or programme.
Example: A salary package may include GPA cover up to the published sum insured.
General Reserve Engineer Force
The engineering force of the Border Roads Organisation that builds and maintains strategic roads and infrastructure, especially in border areas.
Example: A defence salary package may list GREF personnel alongside other eligible forces.
Goods and Services Tax
A tax charged on many goods and services in India, including applicable banking fees.
Example: A quoted service charge may have GST added separately.
Goods and Services Tax Network
The technology platform supporting India's GST registration, returns and payment processes.
Example: A business can generate a GST challan on GSTN and pay it through its bank.
Group Term Life
Life-insurance cover provided to a defined group, such as employees or salary-account customers, for the stated policy period.
Example: A salary package may include GTL cover subject to salary credits and policy exclusions.
Housing Development Finance Corporation
The name from which HDFC originated; HDFC Bank is the current banking institution and brand.
Example: A product comparison may identify HDFC Bank by its familiar HDFC abbreviation.
Housing Finance Company
A company primarily engaged in providing housing finance and regulated under the applicable framework.
Example: A housing loan may be offered by a bank or an HFC.
Home Goal Loan
An SBI recurring-deposit variant named in its product schedule; the current schedule controls its rate and tenure.
Example: HGL is listed as a recurring-deposit variant rather than a guaranteed investment return.
Human Immunodeficiency Virus
A virus that affects the immune system; insurance exclusions and underwriting rules must be read in the exact policy wording.
Example: A health policy may state how pre-existing HIV-related conditions are treated.
Hindustan Petroleum
Also: Hewlett-Packard
In fuel-card and merchant contexts, HP usually refers to Hindustan Petroleum Corporation Limited.
Example: A fuel benefit may apply at eligible HP or HPCL outlets.
Hindustan Petroleum Corporation Limited
An Indian oil marketing company; its fuel stations may be part of co-branded card offers.
Example: A fuel card may give benefits at HPCL outlets.
Himachal Road Transport Corporation
The Himachal Pradesh state transport corporation referenced in some transit or co-branded card benefits.
Example: A card may support HRTC fare or transit payments where published.
The Hongkong and Shanghai Banking Corporation
The banking group commonly known as HSBC; its Indian operation is HSBC India.
Example: A foreign-bank directory entry may use the HSBC short name.
Hindu Undivided Family
A family unit recognised as a separate taxable person under Indian law for certain financial and tax purposes.
Example: Some accounts and investments can be opened in an HUF's name.
Institute of Chartered Accountants of India
India's statutory professional body for chartered accountants.
Example: A professional card may have a variant for eligible ICAI members.
Intensive Coronary Care Unit
Also: Intensive Care and Coronary Unit
A specialised hospital unit for patients needing intensive cardiac or critical-care monitoring.
Example: A health policy may publish a separate ICU or ICCU sub-limit.
Indian Coast Guard Salary Package
A salary-package classification for eligible Indian Coast Guard personnel in applicable bank tables.
Example: The package's fee waivers depend on the customer's ICGSP classification.
Industrial Credit and Investment Corporation of India
The name from which ICICI Bank originated; ICICI Bank is the current banking institution.
Example: ICICI is the bank's commonly used short name.
Institute of Cost Accountants of India
The statutory professional body for cost and management accountants in India.
Example: A professional card may be offered to eligible ICMAI members.
Institute of Company Secretaries of India
India's statutory professional body for company secretaries.
Example: A professional card may have a variant for eligible ICSI members.
Intensive Care Unit
A hospital unit for patients who need continuous monitoring or life-support treatment.
Example: A health policy may publish a separate ICU room or treatment limit.
Institute of Cost and Works Accountants
Also: Cost and Management Accountant
The former name of the professional cost-accountancy qualification now associated with ICMAI.
Example: Older bank documents may use ICWA while newer documents use ICMAI or CMA.
Identity document or identifier
Also: Identification
ID is a short form for identity or an identifying reference; the exact meaning depends on the field label.
Example: A bank may ask for an ID document or record an application ID.
Income Distribution cum Capital Withdrawal
A mutual-fund option in which a fund may distribute money to investors; the payout is not a guaranteed return and the unit value adjusts for it.
Example: An IDCW payout can reduce the NAV by approximately the distribution amount, subject to market movement.
Insured Declared Value
The declared value of an insured vehicle used to set the maximum own-damage claim amount under a motor policy.
Example: A total-loss claim is generally limited by the policy's IDV, subject to its terms.
Indian Financial System Code
An eleven-character code that identifies a bank branch for electronic transfers such as NEFT and RTGS.
Example: The beneficiary's IFSC is needed when setting up a bank transfer.
Integrated Goods and Services Tax
GST charged on an inter-state or qualifying cross-border taxable supply.
Example: An international or inter-state service invoice may show IGST.
Indian Highways Management Company Limited
The company that supports electronic toll collection and related highway-management services in India.
Example: An NHAI/IHMCL FASTag programme can use IHMCL systems for highway tolling.
Immediate Payment Service
A bank-transfer service that can send money instantly, subject to the bank and network limits.
Example: IMPS can be used outside normal branch hours through supported channels.
Indian Rupee
The official currency of India, shown with the ₹ symbol.
Example: ₹10,000 is INR 10,000.
Indian Oil Corporation Limited
An Indian oil marketing company; its fuel stations may be part of co-branded card offers.
Example: A fuel card may give benefits at IOCL outlets.
Initial Public Offering
The first public issue of shares by a company before it becomes listed.
Example: An investor can apply for an IPO through ASBA.
Indian Railway Catering and Tourism Corporation
The Indian public-sector company that provides railway ticketing, catering and tourism services.
Example: A co-branded card may offer rewards or discounts on IRCTC bookings.
Insurance Regulatory and Development Authority
Also: Insurance Regulatory and Development Authority of India (IRDAI)
The former name commonly used for India's insurance regulator, now formally called IRDAI.
Example: Older policy documents may use IRDA while newer documents use IRDAI.
Insurance Regulatory and Development Authority of India
The statutory regulator for India's insurance sector.
Example: An insurer and policy document may quote an IRDAI registration number.
International Securities Identification Number
A standard code used to identify a particular security such as a share, bond or mutual-fund unit.
Example: The ISIN helps distinguish one security from another in a demat account.
Indo-Tibetan Border Police
India's specialised border-guarding force deployed along the Himalayan frontier and in high-altitude areas.
Example: An insurance or salary product may include eligible ITBP personnel and pensioners.
Income Tax Return
A filing that reports a person's or business's income and tax details to the income-tax department.
Example: A lender may request an ITR as income proof for a self-employed applicant.
Interactive Voice Response
An automated telephone system that responds to keypad or spoken commands.
Example: A bank's IVR can read a balance or route a service request without an agent.
Joint Liability Group
A small group of borrowers who take shared responsibility for repayment under the lender's group-credit rules.
Example: Tenant farmers may borrow through a JLG when individual collateral is limited.
Japanese Yen
The official currency of Japan, used in some foreign-currency products.
Example: A forex card may support a JPY wallet.
Kisan Credit Card
A credit facility designed to help eligible farmers meet crop, allied-activity and related working-capital needs.
Example: A KCC limit may be reviewed annually and may cover crop or animal-husbandry activity.
Key Facts Statement
A standardised summary of important loan terms, costs and conditions that a lender provides before or around acceptance.
Example: The KFS shows the APR and charges used to compare loan offers.
Kisan Vikas Patra
A government small-savings certificate that grows to a stated maturity amount over its published period.
Example: KVP can be bought through an eligible post office or bank channel.
Know Your Customer
Identity and address checks a financial institution performs before providing regulated services.
Example: A bank may ask for PAN and an officially valid document for KYC.
Loan Against Property
A secured loan in which a property is offered as collateral for the borrowing.
Example: A borrower may use an LAP for a business or personal need, subject to the lender's terms.
Letter of Credit
A bank undertaking to pay a seller when the specified documents and conditions in a trade transaction are met.
Example: An importer may use an LC to give the exporter payment assurance.
London Interbank Offered Rate
Also: Term SOFR or another replacement benchmark
A former international reference rate used in some legacy foreign-currency loans and deposits; current contracts may use a replacement benchmark.
Example: A legacy facility may quote a spread over six-month LIBOR.
Life Insurance Corporation of India
India's public-sector life insurer.
Example: A bank may distribute an LIC policy as a corporate-agent product.
Last In, First Out
A withdrawal or sweep order in which the most recently added deposit is used first.
Example: A sweep account may use LIFO when breaking linked deposits.
Lower Income Group
An income category used in some government housing programmes; the exact threshold depends on the programme and year.
Example: A LIG housing benefit applies only when the applicant meets that scheme's income test.
Bachelor of Laws
A law degree programme, commonly written LLB in Indian education and professional documents.
Example: An education-loan page may list LLB among eligible courses.
Large Language Model
An AI system trained to understand and generate language; IndiaBanks.org publishes a read-only guide for such systems.
Example: An LLM can use the public guide to find a source URL, then cite that source.
Limited Liability Partnership
A business structure in which partners have limited liability, subject to the LLP law and agreement.
Example: An LLP may apply for a business current account.
Liquefied Petroleum Gas
A pressurised fuel used for cooking and other energy needs; banks may list LPG bill payments as a utility category.
Example: A bill-payment service may support an LPG connection payment.
Liberalised Remittance Scheme
The RBI framework allowing resident individuals to remit a stated amount abroad for permitted purposes.
Example: Education and travel remittances may be made under LRS within the applicable limit.
Loan-to-Value
The loan amount expressed as a percentage of the value of the property or asset offered as security.
Example: A 75% LTV means a ₹75 lakh loan against a ₹1 crore property.
Monthly Average Balance
Another common name for the average balance maintained over a month.
Example: A savings account's MAB condition may affect non-maintenance charges.
Motor Accident Claims Annuity Deposit
A deposit scheme used to pay accident-claim compensation as a scheduled annuity under a court or tribunal order.
Example: A MACAD account can credit the claimant's monthly annuity after the required deposit is placed.
Motor Accident Claims Tribunal
A tribunal that handles claims arising from qualifying motor accidents in India.
Example: A motor policy document may mention MACT proceedings in its claims section.
Master of Business Administration
A postgraduate management degree; eligibility depends on the institution and product terms.
Example: An education loan may cover an MBA at an approved institution.
Master of Computer Applications
A postgraduate computer-application degree; some education-loan lists include MCA among eligible courses.
Example: An MCA student may qualify subject to the institution and loan rules.
Merchant Category Code
A code that identifies the type of business accepting a card payment.
Example: A card offer may include or exclude transactions based on the merchant's MCC.
Marginal Cost of Funds based Lending Rate
A bank's internal benchmark lending rate based largely on its marginal cost of funds.
Example: A floating loan may be priced as MCLR plus or minus a spread.
Model Context Protocol
A standard way for AI tools to discover and read structured information from a service.
Example: The IndiaBanks.org MCP endpoint exposes read-only search and product data.
Merchant Discount Rate
The fee a merchant's acquiring arrangement charges for processing a card or digital payment.
Example: A merchant may receive the sale amount after MDR is deducted.
Mutual Fund
An investment vehicle that pools money from investors and invests it according to a stated strategy.
Example: A mutual fund may invest in shares, bonds or a mix of assets.
Microfinance Institution
An organisation that provides small-value financial services to eligible low-income customers or micro businesses.
Example: An MFI may partner with a bank for last-mile credit or collections.
Magnetic Ink Character Recognition
The machine-readable code printed on cheques to identify the bank and branch.
Example: MICR helps cheque-processing systems route a cheque correctly.
Middle Income Group
An income category used in some government housing programmes; the exact threshold depends on the programme and year.
Example: A MIG housing benefit applies only when the applicant meets that scheme's income test.
Monthly Income Plan
A deposit payout option that credits interest at monthly intervals under the bank's published terms.
Example: A non-cumulative deposit may offer MIP instead of paying everything at maturity.
Management Information System
A structured report or system that gives an organisation operational and financial information.
Example: A cash-management service may provide MIS reports for collections.
Most Important Terms and Conditions
A concise document that sets out key terms, charges and conditions for a banking product.
Example: The MITC may state the prepayment charge and the documents required.
Medium and Long Term Government Deposit
A government deposit scheme for gold held with a participating bank, subject to its tenure and redemption rules.
Example: New MLTGD deposits may be discontinued while existing deposits continue to maturity.
Mumbai Metropolitan Region Development Authority
The statutory authority responsible for planning and infrastructure in the Mumbai metropolitan region.
Example: A transit-card list may include MMRDA services.
Multi Option Deposit
Also: Multi Option Deposit Scheme
A deposit linked to a transaction account that allows eligible surplus funds to be placed in or withdrawn from a term-deposit component.
Example: An MOD facility can keep transaction liquidity while the surplus earns a term-deposit rate.
Maximum Permissible Bank Finance
A working-capital lending limit calculated under the applicable assessment method.
Example: The sanctioned working-capital limit may be capped at the assessed MPBF.
Mobile Point of Sale
A card-acceptance terminal or app that turns a mobile device into a point-of-sale device.
Example: A small business can accept card payments through an MPOS terminal.
Micro and Small Enterprise
A micro or small business classified under India's applicable enterprise framework.
Example: An MSE loan may have a separate guarantee or pricing programme.
Micro, Small and Medium Enterprises
Businesses classified by India's MSME framework using prescribed investment and turnover criteria.
Example: An MSME borrower may qualify for a specialised working-capital facility.
Master of Technology
A postgraduate engineering or technology degree.
Example: An M.Tech course may be included in an education-loan course list.
Money Transfer Service
A service for sending or receiving money, often used for remittances or prepaid-card products.
Example: An MTS card may publish separate balance and transaction limits.
Micro Units Development and Refinance Agency
The name used for India's micro-enterprise financing initiative and its eligible loan framework.
Example: A qualifying small business may apply for a MUDRA loan through a participating lender.
Multi-Utility Vehicle
A vehicle category combining passenger and utility functions, used in some motor-finance or insurance tables.
Example: A lender may publish a separate MUV finance margin.
Not Applicable
A source uses NA when a field does not apply to that product, customer type or transaction.
Example: A fee table may show NA where the charge is not relevant.
National Assessment and Accreditation Council
An autonomous body that assesses and accredits higher-education institutions in India.
Example: An education-loan page may list NAAC accreditation among institution checks.
National Bank for Agriculture and Rural Development
The development bank focused on agriculture and rural development in India.
Example: NABARD supports rural-credit institutions and development programmes.
National Automated Clearing House
A nationwide system for recurring electronic credits and debits such as mandates and direct benefit transfers.
Example: A NACH mandate can debit a monthly loan instalment.
Net Asset Value
The per-unit value of a mutual fund's assets after liabilities are deducted.
Example: A fund's NAV changes as the value of its underlying investments changes.
Non-Banking Financial Company
A company that provides financial services but is not a bank; it is regulated under the applicable RBI framework.
Example: An NBFC may offer a personal loan without operating a savings account.
No Claim Bonus
A motor-insurance discount or benefit earned for a claim-free policy period, subject to the policy rules.
Example: An eligible NCB can reduce the own-damage premium at renewal.
Non-Convertible Debenture
A debt instrument that pays interest or a return but does not convert into the issuer's shares under its terms.
Example: An investor may compare an NCD's coupon, maturity and credit rating.
Non-Callable Deposit — Bulk
A bulk term deposit that cannot ordinarily be withdrawn before maturity under its published conditions.
Example: NCD-B rates and eligibility differ from SBI's retail NCD-R.
Non-Callable Deposit — Retail
A retail term deposit that cannot ordinarily be withdrawn before maturity under its published conditions.
Example: NCD-R is subject to the minimum amount and tenure in SBI's schedule.
National Credit Guarantee Trustee Company
A government-owned trustee company that administers specified credit-guarantee schemes.
Example: An eligible education loan may receive NCGTC guarantee cover under the scheme rules.
National Common Mobility Card
An interoperable card standard intended for payments across participating transit systems and everyday merchants.
Example: A NCMC prepaid card can be used at participating transit gates and merchants.
National Capital Territory
A constitutional administrative designation used for the National Capital Territory of Delhi.
Example: A student scheme may refer to schools or residents of the NCT of Delhi.
National Disaster Response Force
India's specialised force for responding to major natural and other disasters, including search, rescue and relief operations.
Example: A force-employee offer may include eligible NDRF personnel where the published list names them.
National Electronic Funds Transfer
An RBI-operated electronic system for transferring money between bank accounts.
Example: NEFT is commonly used for scheduled account-to-account transfers.
Near Field Communication
Short-range wireless technology used when devices or cards are tapped close together.
Example: A contactless card uses NFC at a compatible point-of-sale terminal.
National Financial Switch
NPCI's interoperable ATM network connecting participating banks.
Example: An ATM transaction may be routed through NFS when the card and ATM belong to different banks.
National Highways Authority of India
The government authority responsible for developing, managing and maintaining many national highways in India.
Example: A FASTag programme may cover toll plazas operated on NHAI highways.
National Housing Bank
The institution established to promote and regulate housing finance under the applicable framework.
Example: Housing-finance institutions may follow NHB-linked requirements.
National Stock Exchange Fifty
A family of stock-market indices maintained by NSE, including the widely followed NIFTY 50 index.
Example: An index fund may track a NIFTY benchmark.
Net Monthly Income
Monthly income left after the deductions recognised for the product's eligibility assessment.
Example: A lender may require a minimum NMI for a loan application.
Noida Metro Rail Corporation
The metro operator referenced in some transit or co-branded card service lists.
Example: A transit card may list NMRC among supported networks.
Non-Performing Asset
A loan or advance whose payments have remained overdue for the period defined by prudential rules.
Example: A bank reports an account as NPA when it crosses the applicable overdue threshold.
National Payments Corporation of India
The umbrella organisation that operates or supports major retail-payment networks in India.
Example: NPCI operates the UPI and RuPay payment systems.
National Population Register
A Government of India register of usual residents used in certain identity and enrolment processes.
Example: An enrolment form may ask for an NPR-related reference.
National Pension System
A regulated, market-linked retirement savings system with individual pension accounts.
Example: A subscriber contributes to NPS during working years and uses the permitted exit options at retirement.
Non-Resident (External)
An account for eligible non-residents that is generally maintained in Indian rupees and has specific repatriation rules.
Example: NRE interest and principal are generally repatriable subject to the rules.
Non-Resident Indian
An Indian citizen or person of Indian origin who is treated as non-resident under the applicable tax or exchange-control rules.
Example: An NRI may choose an NRE, NRO or FCNR account depending on the need.
Non-Resident Ordinary
An Indian-rupee account used by eligible non-residents for permitted Indian income and expenses.
Example: Rent received in India may be credited to an NRO account.
National Savings Certificate
A government small-savings certificate with a stated maturity and interest treatment.
Example: NSC is commonly used for long-term savings and eligible tax planning.
National Securities Depository Limited
An Indian securities depository that holds shares and other securities electronically.
Example: A demat account can be maintained with NSDL or CDSL.
National Security Guard
India's specialised federal counter-terrorism and hostage-rescue force.
Example: A force-specific banking offer may name NSG personnel in its eligible-customer list.
National Treasury Receipt Portal
A government payment portal used for collecting specified public receipts and contributions.
Example: A bank's collection gateway may integrate with NTRP.
New Zealand Dollar
The official currency of New Zealand, supported by some foreign-currency products.
Example: A forex card may support an NZD wallet.
Overseas Citizen of India
An immigration status for eligible people of Indian origin who hold foreign citizenship.
Example: An OCI holder may have different account eligibility from a resident Indian.
Overdraft
A facility that lets an eligible account holder draw more than the current account balance up to an approved limit.
Example: Interest on an OD is generally charged on the amount actually used.
Other-bank (off-us)
A transaction performed at a bank or network point different from the cardholder's issuing bank.
Example: An OFFUS ATM transaction is made at another bank's ATM.
Outpatient Department
Medical treatment that does not require an overnight hospital admission.
Example: A health policy may cover OPD consultations only if that benefit is listed.
One-Time Password
A temporary code used once to verify a login, payment or other action.
Example: Never disclose an OTP to someone who calls claiming to be from your bank.
Over The Top
Internet-delivered video or entertainment services accessed without a traditional broadcast or cable subscription.
Example: A card offer may include an OTT subscription or discount.
Loan Against Property
A loan secured against property; P-LAP is a shorthand used in some bank processing-fee tables.
Example: A P-LAP processing fee is separate from a home-loan fee when the tariff lists both.
Personal Accident Insurance
Insurance that pays a benefit for specified accidental death or disability, subject to the policy terms.
Example: A salary-account package may include PAI up to a published cover limit.
Permanent Account Number
A ten-character identifier issued by India's income-tax department.
Example: PAN is commonly requested for investments, loans and higher-value transactions.
Pre-shipment Credit in Foreign Currency
Export finance provided in a foreign currency before goods are shipped.
Example: An exporter may use PCFC against a confirmed export order.
Post-Dated Cheque
A cheque written with a future date, often used to schedule a payment under the bank's rules.
Example: A lender may hold PDCs for future instalment dates.
Portable Document Format
A document format that preserves a file's text and layout across devices.
Example: A bank may publish a tariff or policy as a PDF.
Public Financial Management System
The Government of India's platform for tracking and processing many public-fund payments and transfers.
Example: A scholarship or subsidy may be routed through PFMS.
Pension Fund Regulatory and Development Authority
The regulator for India's pension sector, including NPS.
Example: PFRDA rules govern NPS intermediaries and exit conditions.
Personal Identification Number
A secret number used to authenticate a card, account or payment action.
Example: Cover the keypad when entering your PIN at an ATM.
Person of Indian Origin
A person with Indian ancestry who may qualify for specified facilities under the applicable rules.
Example: A PIO or OCI applicant may be eligible for some NRI banking products.
Portfolio Investment Scheme
An RBI-regulated route through which eligible non-residents can invest in Indian shares and other permitted securities through a designated bank.
Example: An NRI may need a PIS-enabled account for permitted listed-share purchases.
Public Limited Company
A company incorporated as a public limited entity under the applicable company law.
Example: A business-loan eligibility rule may distinguish a PLC from a proprietorship.
Prime Minister
PM is used in the names of Government of India schemes and programmes.
Example: PMAY and PMJJBY are named government schemes.
Pradhan Mantri Awas Yojana
A government housing programme with different components and eligibility rules.
Example: A home-loan subsidy may be linked to an eligible PMAY component.
Pradhan Mantri Awas Yojana – Urban
The urban component of the Government of India's housing programme.
Example: An urban housing benefit may refer to the PMAY-U eligibility rules.
Prime Minister's Employment Generation Programme
A government credit-linked subsidy programme for eligible micro-enterprise projects.
Example: A new enterprise may seek PMEGP support through a participating bank.
Pradhan Mantri Fasal Bima Yojana
A government crop-insurance scheme for eligible farmers and notified crops, subject to its seasonal rules.
Example: A farmer's premium and claim are governed by the notified PMFBY terms.
Pradhan Mantri Jeevan Jyoti Bima Yojana
A government-backed renewable life-insurance scheme offered through participating banks and insurers.
Example: An eligible account holder can enrol by authorising the annual premium debit.
Pradhan Mantri Matsya Sampada Yojana
A government programme supporting eligible fisheries and aquaculture activities.
Example: A fish-farming project may seek finance linked to PMMSY guidelines.
Pradhan Mantri Mudra Yojana
A framework for financing eligible micro and small business activities through participating lenders.
Example: A small shop may seek a MUDRA loan under an eligible PMMY category.
Pradhan Mantri Suraksha Bima Yojana
A government-backed personal-accident insurance scheme offered through participating banks and insurers.
Example: PMSBY cover applies subject to its published accident and claim conditions.
Proof of Address
Also: Power of Attorney
In KYC checklists, POA usually means a document confirming an address; in legal mandates it can mean Power of Attorney. Read the field context.
Example: A utility bill may be accepted as POA, while a POA mandate authorises another person to act.
Proof of Identity
A document used to establish who an applicant or account holder is.
Example: A passport or other accepted document may serve as POI.
Point of Presence
An authorised service location or intermediary through which a pension or investment account can be opened and serviced.
Example: A customer may open an NPS account through a registered POP.
Proof of Relationship
A document used to establish the relationship between two people for an account, nomination or benefit.
Example: A birth or marriage certificate may be accepted as POR.
Point of Sale
The place or terminal where a customer pays a merchant, in-store or online.
Example: A card's POS limit controls merchant purchases.
Point of Sales Person
A trained insurance sales intermediary permitted to distribute specified products under the regulator's rules.
Example: A POSP may explain a policy but cannot change the insurer's wording.
Permanent Partial Disability
A lasting accidental injury that causes a specified partial loss of use or function under the policy schedule.
Example: A policy may pay a percentage of the sum insured for an eligible PPD.
Public Provident Fund
A government-backed long-term savings scheme with a prescribed lock-in and tax treatment.
Example: A PPF account accepts contributions within its annual minimum and maximum limits.
Premium Paying Term
The period for which premiums must be paid under a life-insurance policy; it can differ from the policy term.
Example: A policy may have a 10-year PPT and a 20-year policy term.
Payment Service Provider
A provider that enables payment initiation, processing or related services for customers and merchants.
Example: A UPI app can act as a PSP while the bank holds the account.
Public Sector Undertaking
An enterprise owned or controlled by the government; bank documents often use PSU for such employers or institutions.
Example: A loan may have a separate salary programme for PSU employees.
Permanent Total Disability
A lasting accidental disability that meets the policy's definition of total disablement.
Example: An eligible PTD claim may pay the policy's stated accident cover.
Polyvinyl Chloride
A durable plastic used for items such as payment cards and identification cards.
Example: A bank may issue a PVC debit card.
First quarter
Q1 means the first quarter of a financial year, calendar year or reporting period.
Example: A Q1 transaction limit applies during the first three-month period.
Second quarter
Q2 means the second quarter of a financial year, calendar year or reporting period.
Example: A Q2 statement covers the second three-month period.
Third quarter
Q3 means the third quarter of a financial year, calendar year or reporting period.
Example: A Q3 target is measured during the third three-month period.
Fourth quarter
Q4 means the fourth quarter of a financial year, calendar year or reporting period.
Example: A Q4 report covers the final three months of the year.
Quarterly Average Balance
The average balance maintained in an account during a quarter, used for some account conditions and charges.
Example: A current account may publish a QAB requirement instead of a monthly balance requirement.
Quarterly Income Plan
A deposit payout option that credits interest every quarter under the bank's published terms.
Example: A QIP deposit pays the selected interest periodically while the principal follows the product rules.
Quick Response
A two-dimensional code that a phone can scan to open information or initiate a payment.
Example: A UPI QR code lets a customer pay a merchant.
Reserve Bank of India
India's central bank, responsible for monetary policy, banking regulation and payment-system oversight.
Example: The RBI publishes rules and reference information used by banks.
Recurring Deposit
A deposit where a fixed amount is paid regularly for a chosen period and earns interest under the product rules.
Example: A customer can deposit ₹2,000 each month into an RD.
Real Estate (Regulation and Development) Act
India's law for regulating covered real-estate projects and protecting home buyers through registration and disclosure requirements.
Example: A home-loan checklist may ask for the project's RERA registration details.
Resident Foreign Currency
An account or deposit that lets eligible returning residents hold permitted foreign-currency funds under RBI rules.
Example: A returning NRI may place eligible overseas funds in an RFC deposit.
Regular Income cum Recurring Deposit
Also: Reinvestment Deposit
A Bank of Baroda deposit variant that combines recurring income features with a recurring-deposit structure; the bank's product document controls the exact payout rules.
Example: The BOB fixed-deposit catalogue lists RIRD as a separate income-and-recurring-deposit option.
Repo Linked Lending Rate
A floating lending benchmark linked to the RBI repo rate, with the bank's spread added.
Example: A home loan may be priced as RLLR plus a product spread.
Rate of Interest
The interest percentage charged on a loan or paid on a deposit for the stated period.
Example: A loan page may show ROI as 8.70% per year.
Railway Protection Force
The Indian railway security force referenced in some employee salary-package or insurance eligibility lists.
Example: A package may cover eligible RPF personnel under the stated service rules.
Railway Protection Special Force
The special-force unit associated with the Railway Protection Force, referenced in some employee packages.
Example: A salary package may list RPSF personnel separately from RPF.
Rigid Polyvinyl Chloride
A stiff form of PVC used for durable card bodies and other products.
Example: A card described as rPVC uses rigid polyvinyl chloride as its body material.
Rupees
Also: Indian Rupee (INR)
A common abbreviation used in bank documents for amounts denominated in Indian rupees.
Example: Rs 1,000 means ₹1,000.
Real Time Gross Settlement
A bank-transfer system that settles eligible transactions individually in real time.
Example: RTGS is commonly used for higher-value transfers.
Savings Account
Also: South Africa
In bank product tables, SA normally means savings account; in an address or country context it can mean South Africa.
Example: An SA balance requirement is a savings-account condition.
Savings Bank
The banking shorthand for a savings account or savings-account transaction.
Example: A maturity amount credited to SB means it is paid into the customer's savings account.
State Bank of India
India's largest public-sector bank; SBI is its common short form.
Example: An SBI product page is an official State Bank of India source.
SBI Cards and Payment Services Limited
The SBI group company that issues and manages SBI credit cards.
Example: An SBI card's MITC may identify SBICPSL as the issuer.
Senior Citizens' Savings Scheme
A government small-savings scheme designed for eligible senior citizens.
Example: SCSS pays interest according to the published government schedule.
State Development Loan
A bond issued by an Indian state government to borrow money from investors.
Example: A fund may hold SDLs as part of its fixed-income portfolio.
Systematic Deposit Plan
A recurring-deposit arrangement in which a customer adds a chosen amount at regular intervals.
Example: A bank may use SDP as the short name for its recurring-deposit family.
Securities and Exchange Board of India
The regulator for India's securities and capital markets.
Example: SEBI rules apply to mutual funds, brokers and listed securities.
Sovereign Gold Bond
A government security whose value is linked to the price of gold and whose terms are set by the issuer.
Example: An investor may hold an SGB in a demat account or certificate form.
SBI Green Rupee Term Deposit
SBI's term-deposit variant associated with green or sustainable financing, subject to its product terms.
Example: The SGRTD rate and tenure are set out in the bank's deposit schedule.
State Goods and Services Tax
The state component of GST charged on an intra-state taxable supply.
Example: A bank fee invoice may show SGST together with CGST.
Self-Help Group
A small member group that saves together and may borrow collectively under a bank or government programme.
Example: An eligible SHG may receive group credit for livelihood activities.
Sum Insured
Also: Standing Instruction
In insurance tables, SI means the maximum cover amount; in account or payment instructions, SI can mean an automatic standing instruction. Check the field label and source context.
Example: A policy with SI of ₹5 lakh has a ₹5 lakh stated cover, while an SI mandate can move money automatically.
Small Industries Development Bank of India
A development financial institution focused on the growth and financing of micro, small and medium enterprises.
Example: SIDBI supports MSME-focused financing programmes.
Systematic Investment Plan
A method of investing a fixed amount at regular intervals in an investment scheme.
Example: A monthly SIP buys mutual-fund units at the prevailing NAV.
Small and Medium Enterprise
A small or medium-sized business; exact classification follows the applicable Indian framework.
Example: An SME account may include business banking and working-capital features.
Short Message Service
The text-message service banks use for alerts, one-time codes and service notifications.
Example: A bank may send an SMS after a card transaction.
Strategic Premium
A pricing spread added to a lending benchmark for a product, borrower or risk category; the bank's rate table defines the applicable amount.
Example: A rate may be quoted as one-year MCLR plus SP plus a spread.
Special Purpose Vehicle
A separate legal entity created for a defined transaction, asset pool or project.
Example: A securitisation may transfer receivables to an SPV.
Sashastra Seema Bal
India's border-guarding force responsible for the country's designated land borders and related internal-security duties.
Example: An employee package may include serving SSB personnel where the eligibility list names the force.
Secretariat Security Force
A specialised security force deployed for protection of designated government-secretariat buildings and establishments.
Example: An employee package may include SSF personnel under its stated force eligibility.
Special Term Deposit Receipt
A cumulative term deposit where interest is paid with the principal at maturity, subject to the bank's rules.
Example: An STDR is different from a non-cumulative deposit that pays interest periodically.
Sport Utility Vehicle
A passenger vehicle category commonly used in motor-finance and insurance descriptions.
Example: An SUV may fall under a different vehicle-loan pricing band.
Society for Worldwide Interbank Financial Telecommunication
A secure messaging network banks use to exchange instructions for many international transfers.
Example: A bank may ask for the beneficiary bank's SWIFT code for an overseas transfer.
Term Deposit
Money placed with a bank for a stated period at a stated interest rate, subject to the withdrawal rules.
Example: An FD is one common type of term deposit.
Term Deposit Receipt
A bank record representing a term deposit kept for a stated period and interest rate.
Example: A TDR may be renewed or paid at maturity according to the account instruction.
Tax Deducted at Source
Tax withheld by the payer and deposited with the government on behalf of the recipient.
Example: A bank may deduct TDS from deposit interest when the applicable threshold is crossed.
Taxpayer Identification Number
A number used to identify a taxpayer or tax registration in the relevant jurisdiction.
Example: An international remittance form may request a beneficiary's TIN.
Third-Party Administrator
An organisation that helps an insurer administer health-insurance services and claims.
Example: A hospital may contact the TPA for cashless-claim authorisation.
Temporary Total Disability
A temporary accidental disability that meets the policy's definition and prevents the insured activity for the stated period.
Example: An accident policy may provide a weekly benefit for an eligible TTD claim.
Technology Upgradation Fund Scheme
A government framework that supported technology investment in eligible textile units.
Example: A legacy textile-finance document may refer to TUFS margins or subsidy.
United Arab Emirates
The country abbreviation used in international payment, remittance and address details.
Example: A forex product may support transfers to the UAE.
Udyam Registration
The Government of India's registration system and identifier for micro, small and medium enterprises.
Example: A lender may request the applicant's UDYAM registration number.
University Grants Commission
The statutory body that coordinates and maintains standards for higher education in India.
Example: An education loan may require a UGC-recognised institution.
Unique Identification Authority of India
The statutory authority that issues and administers Aadhaar in India.
Example: UIDAI publishes the accepted documents and processes for Aadhaar updates.
Unique Identification Number
A unique reference number assigned to an insurance product or other regulated record.
Example: An insurance brochure may show its UIN so the exact product can be identified.
United Kingdom
The country abbreviation used in international payment, remittance and address details.
Example: A forex product may list the UK among supported destinations.
Unit Linked Insurance Plan
A life-insurance product that combines insurance protection with investment in selected funds.
Example: A ULIP's fund value moves with its chosen investment funds and charges apply under the policy.
Usance Payable At Sight
A trade-finance arrangement where the exporter is paid at sight while the importer receives a deferred payment period.
Example: An UPAS letter of credit can bridge the exporter's cash-flow and the importer's credit period.
Unified Payments Interface
An Indian instant-payment system that lets a customer move money between bank accounts using an app, address or QR code.
Example: A UPI ID can receive money without sharing the account number.
United States
Also: Usance
Usually the United States in a country or currency context; in trade finance, US can also be a shorthand for usance. Read the field label.
Example: USD is the US dollar, while a trade document may use US for a usance period.
United States of America
The country abbreviation used in international payment, remittance and address details.
Example: A remittance beneficiary may be located in the USA.
United States Dollar
The official currency of the United States, used in some foreign-currency products.
Example: A forex card may support a USD wallet.
Unit Trust of India
An Indian investment institution and mutual-fund brand referenced in some pension and investment materials.
Example: A pension product may list UTI among its available fund managers.
Visa
A global card-payment network that routes and authorises transactions between card issuers, merchants and acquiring banks.
Example: A Visa debit card can be used at merchants and ATMs that accept the Visa network.
Vidya Lakshmi Portal
The education-loan application portal used by participating banks and students in India.
Example: An education-loan service charge may apply when a loan is sanctioned through VLP.
Virtual Payment Address
A UPI identifier, commonly written like a handle, used to send or receive money without sharing the account number.
Example: A customer can pay a merchant's VPA from a UPI app.
You Only Need One
SBI's digital banking and lifestyle platform; the name is used for its app and related services.
Example: An SBI customer can use YONO for selected banking and service journeys.