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Question
What is the full form of TRF in banking?
What is the full form of TRF in banking?
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Solution
Answer: Transfer
TRF is a short form that used to signify the TRANSFER term. It’s a transfer from one bank account to the other account of the same bank account.
- People use the term TRF in the bank statements, which is generally used to indicate that the money debited or credited to the bank account from another bank account.
- In some situations, the word TRF may also denote the transfer of the sum done by or done to a third party.
- In brief, it typically denotes the transaction of money between the two accounts.
- For instance, the transfer of funds to another bank account of the same bank.
Answer: Transfer
TRF is a short form that used to signify the TRANSFER term. It’s a transfer from one bank account to the other account of the same bank account.
- People use the term TRF in the bank statements, which is generally used to indicate that the money debited or credited to the bank account from another bank account.
- In some situations, the word TRF may also denote the transfer of the sum done by or done to a third party.
- In brief, it typically denotes the transaction of money between the two accounts.
- For instance, the transfer of funds to another bank account of the same bank.
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