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GA Topper Series: Important Full Forms for Bank Exams

You must be confused that how one can remember all these full forms in one day. The point of writing this article is not to ask you to learn it in one day but to bookmark this article and read it daily. This way you will be able to learn them effortlessly.

  • Public Financial Management System (PFMS)
  • Banking Awareness and Training (e-BAAT) programs
  • Central Payments Fraud Information Registry (CPFIR)
  • Card-on-File Tokenisation (CoFT) services
  • Interactive Voice Response System (IVRS)
  • National Automated Clearing House (NACH)
  • Bharat Bill Payment System (BBPS)
  • National Electronic Funds Transfer (NEFT)
  • Payments Infrastructure Development Fund (PIDF)
  • Money Transfer Service Schemes (MTSS)
  • Trade Receivables Discounting Systems (TReDS)
  • Bharat Bill Payment Operating Units (BBPOUs)
  • Clearing Corporation of India Ltd. (CCIL)
  • Immediate Payment Service (IMPS)
  • Aadhaar enabled Payment System (AePS)
  • National Electronic Toll Collection (NeTC)
  • National Financial Switch (NFS)
  • Committee on Payments & Market Infrastructures (CPMI
  • Financial Stability Board (FSB)
  • Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL)
  • Sovereign Gold Bond (SGB)
  • Society for Worldwide Interbank Financial Telecommunication (SWIFT)
  • Risk-Based Internal Audit (RBIA)
  • Core Financial Services Solution (CFSS)
  • Central Bank Digital Currency (CBDC)
  • Debt/earnings before interest, taxes, depreciation, and amortization (EBITDA)
  • Special mention account (SMA)
  • Buy Now Pay Later (BNPL)
  • Corporate Insolvency Resolution Process (CIRP)
  • Legal Entity Identifier (LEI)
  • Secured Overnight Financing Rate (SOFR)
  • Mumbai Interbank Forward Outright Rate (MIFOR)
  • Sterling Overnight Index Average (SONIA)
  • Financial Benchmarks India Pvt. Ltd. (FBIL)
  • Voluntary Retention Route (VRR)
  • Credit Default Swaps (CDS)
  • London Interbank Offered Rate (LIBOR)
  • Optical Fiber Cable (OFC)
  • Net demand and time liabilities (NDTL)
  • G-sec acquisition programme (G-SAP)
  • Variable-rate reverse repos (VRRRs)
  • Special three-year long-term repo operation (SLTRO)
  • All India Financial Institutions (AIFIs)
  • Balance of payment (BoP)
  • Gross state domestic product (GSDP)
  • Price stabilization fund (PSF)
  • Emerging market and developing economies (EMDEs)
  • Employees’ provident fund Organisation (EPFO)
  • National Asset Reconstruction Company Ltd. (NARCL)
  • National Bank for Financing Infrastructure and Development (NaBFID)
  • Prompt corrective action (PCA) framework

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We have tried to cover as many full forms as we can. Will bring another article for the left-out full forms.
You can tell us in the comment section, which type of articles you want to boost your preparation.

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