Bank transactions and statements related terms || full forms

Bank transactions - receipts, payments, transfers



A bank statement or account statement is a summary of financial transactions which have occurred over a given period on a bank account held by a person or business with a financial institution.
Bank statements have historically been and continue to be typically printed on one or several pieces of paper and either mailed directly to the account holder, or kept at the financial institution's local branch for pick-up. In recent years there has been a shift towards paperless, electronic statements, and some financial institutions offer direct download into account holders accounting software.


Legends Used in Account Statement
  1. INFT - Internal Fund Transfer (Within ICICI Bank)
  2. BPAY - Bill payment
  3. BBPS - Bharat Bill Payment Service
  4. NEFT - National Electronics Funds Transfer System (Other Bank Fund transfer)
  5. RCHG - Recharge
  6. ONL - Online Shopping transaction (Payment done on third party website)
  7. SMO - Smart Money order
  8. DTAX - Direct Tax
  9. IDTX - Indirect Tax
  10. PAVC - Pay any Visa credit card
  11. PAC - Personal Accident cover
  12. LNPY - Linked loan payment
  13. CCWD - Cardless Cash Withdrawal
  14. PAYC - Pay to Contact
  15. IMPS - Immediate Payment Service
  16. VAT / MAT / NFS - Cash withdrawal at other bank ATM
  17. INF - Internet fund transfer in linked accounts
  18. EBA - Transaction on ICICI Direct
  19. BIL - Internet Bill payment or funds transfer to Third party
  20. VPS / IPS - Debit card transaction
  21. TOP - Mobile recharge
  22. BCTT - Banking Cash Transaction Tax
  23. UCCBRN CMS - Upcountry cheque collection
  24. LCCBRN CMS - Local cheque collection
  25. N chg - NEFT Charges
  26. MMT - Mobile Money Transfer (Insta FT - IMPS)
  27. T Chg - Travel Charges



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