Bank statement codes explained

• NACH meaning in a bank statement

  NACH is National Automated Clearing House, NPCI's system for repeated payments. A NACH debit is usually an EMI, SIP or premium you authorised once.

• ACH D meaning in a bank statement

  ACH D (ACH debit) is a NACH debit: money a company collects from your account under a mandate you signed, such as an EMI, a SIP or a premium.

• ECS meaning in a bank statement

  ECS is Electronic Clearing Service, the older system for EMIs, bills and salaries. NACH replaced it in 2020, but some statements still print ECS.

• NACH return charges explained

  A fee your bank takes when a NACH debit, such as an EMI or SIP, bounces, usually for low balance. Each bank sets its own amount.

• ECS return charges explained

  A fee your bank takes when an ECS debit, such as an EMI, bounces, usually for low balance. ECS now runs through NACH; each bank sets its own amount.

• IMPS meaning in a bank statement

  IMPS is Immediate Payment Service: NPCI's instant, 24x7 transfer between banks, sent from mobile or internet banking, a branch or an ATM.

• NEFT meaning in a bank statement

  NEFT is National Electronic Funds Transfer, the RBI's system for bank-to-bank transfers. It runs round the clock every day, with no RBI limit.

• UTR number meaning in a bank statement

  A UTR (Unique Transaction Reference) identifies one bank transfer. An RTGS UTR is 22 characters; quote it to your bank to trace a payment.

• UPI transaction ID in a bank statement

  The UPI transaction ID identifies one UPI payment. On the statements Fynora has read it is a 12-digit number in the UPI line, sometimes labelled RRN.

• POS transaction meaning in a bank statement

  POS means point of sale: a debit card payment on a shop's card machine. The shop's name usually follows POS on the statement line.

• ATM WDL meaning in a bank statement

  ATM WDL means ATM withdrawal: cash taken out of an ATM with your debit card. The line usually also shows where the ATM is, or its ID.

• INT PD meaning in a bank statement

  INT PD means interest paid: interest your bank credited to your savings account or deposit, often with the period it was earned for.

• BY CLG meaning in a bank statement

  BY CLG means credit by clearing: a cheque you deposited has cleared and the money is in your account. CLG is short for clearing.

• TPT meaning in a bank statement

  TPT usually means third-party transfer: money sent from your account to someone else's, typically through net banking or your bank's app.

• Other bank statement codes: BIL, MMT, INF, REV, SI

  Common readings of BIL, ONL, MMT, INF, REV, SI, mandate and SMS charges on Indian bank statements, and where to check your own bank's legend.

Banks print their own abbreviations, so the legend on your statement, or your bank, is the final word on what a code means for your account. Questions about Fynora itself are answered in the Help Center.