Important Abbreviations Asked in Exams (2016 and 2017)

AEBA - Aadhar Enabled Bank Account

AEPS - Aadhar Enabled Payment System

AIPB - Accelerated Irrigation Benefits Programme

AMRUT - Atal Mission for Rejuvenation & Urban Transformation

APBS - Aadhar Payments Bridge System

ARC - Asset Reconstruction Company

ASBA - Applications Supported by Blocked Amount

BBPS - Bharat Bill Payment System

BCSBI - Banking Codes and Standards Board of India

BIFR - Board for Industrial and Financial Reconstruction

BSBDA - Basic Savings Bank Deposit Account

CNP - Card not Present

CRAR – Capital to Risk Weighted Assets Ratio

DDAY NRLM - Deen Dayal Antodaya Yojna National Rural Livelihoods Mission (NRLM)

DICGC - Deposit Insurance and Credit Guarantee Corporation

ECB – External Commercial Borrowing

ECGC - Export Credit Guarantee Corporation of India

EFTPOS - Electronic funds transfer at Point of Sale

EMI - Equated Monthly Installment

FCNR - Foreign Currency No-Repatriable Account

FSB - Financial Stability Board

FSDC - Financial stability and Development Council

IAEA - International Atomic Energy Agency

IFSC - International Financial System Code

IIN - Issuer Identification Number

IMPS - Immediate Payment Service

JLF - Joint Lending Forum

KSE - Karachi Stock Exchange

LAF - Liquidity Adjustment Facility

LTV - Loan To Value

MCLR - Marginal Cost of funds based Lending Rate

MDR - Merchant Discount Rate

MICR - Magnetic Ink Character Recognition

MMID - Mobile Money Identification Number

MPC - Monetary Policy Committee

MSF - Marginal Standing Facility

MSP - Minimum support Price

MTSS - Money Transfer Service Scheme

MUDRA - Micro Units Development and Refinance Agency

NACH - National Automated Clearing House

NCLT - National Company Law Tribunal

NDTL - Net Demand And Time Liability

NFS - National Financial Switch

NFSM - National Food Security Mission

NID - Negotiable Instruments of Deposit

NPCI - National Payments Corporation of India

NSDL - National Securities Depository Limited

OCMC - Online Consumer Mediation Centre

PCA - Prompt Corrective Action

PFMS - Public Financial Management System

PFRDA - Pension Fund Regulatory and Development Authority

PIN - Personal Identification Number

PLSS - Public Land Survey System

PMFBY - Pradhan Mantri Fasal Bima Yojna

PMGSY - Pradhan Mantri Gram Sadak Yojana

PMJAY - Pradhan Mantri Jan Aushadi Yojana

PMKVY - Pradhan Mantri Kaushal Vikas Yojana

PSLC - Priority Sector Lending Certificates

RERA - Real Estate Regulatory Authority

RFID - Radio Frequency Identification

RIDF - Rural Infrastructure Development Fund

S4A - Scheme for Sustainable Structuring of Stressed Assets

SEAC - Standing External Advisory Committee

SETU - Self Employment and Talent Utilisation

SHG - Self Help Group

SMFS - Structured Financial Messaging System

STR - Suspicious Transactions Reports

SWIFT - Society for Worldwide Interbank Financial Telecommunication

TIES - Trade Infrastructure for Export Scheme

UBI - Universal Basic Income

UJALA - Unnat Jyoti by Affordable LEDs for All

UNEP - United Nations Environment Programme

UPI - Unified Payment Interface

USSD - Unstructured Supplementary Service Data

VVPAT - Voter Verifiable Paper Audit Trail

WIPO - World Intellectual Property Organization

WMA – Ways and Means Advances