1
Question
What is the full form of TRF in banking?
What is the full form of TRF in banking?
Open in App
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.
Suggest Corrections
33
Similar questions
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
