Abbreviations used in Banking sector

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