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The banking sector plays an important role in our economy by facilitating and managing financial transactions and the flow of credit. This allows investors and businesses to purchase, invest, or conduct other finance-related activities. Banks offer a secure system for clients to store a part of their income which is then used to lend loans such as car loans, mortgages, etc. Today, we have different types of banks for various purposes such as Commerical, Exchange, Industrial, and Saving Banks. Additionally, students preparing for the bank exams must know about the different banking full forms to ace their exams with flying colors.
Examples of Banking Related Full Forms
Here are a few most important examples of full forms related to the banking sector:
- ATM: Automated Teller Machine
- INR: Indian Rupee
- NEFT: National Electronic Funds Transfer
- BBPS: Bharat Bill Payment System
Find more banking related full forms in the table below
Also Read: What is the Full Form of BOI?
Also Read: What is the Full Form of BFSI?
We hope you got most of the banking full forms from this blog. If you want to know more full forms like this, you should check out our A-Z arranged 300+ full forms list. Connect with us study abroad experts to achieve your international dream today!