How to Apply Halifax Bank Account !
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As you might have noticed
As you might have noticed when making transactions or logging into your internet banking or mobile banking with the Bank of India, you may encounter the term "TRF." This term, frequently seen on Bank of India statements, stands for "transfer." It indicates the movement of funds between accounts within the same bank.
"TRF" can refer to self-initiated transfers, such as moving money from a savings account to a checking account. It can also indicate automated transactions, such as recurring bill payments. However, it does not refer to external transfers, such as those done through NEFT (National Electronic Funds Transfer) or RTGS (Real Time Gross Settlement), which have their own specific codes.
Understanding "TRF" as a simple transfer within the bank helps you better manage and track your internal transactions. It is a straightforward indicator used to denote the movement of funds within your various accounts held at the Bank of India.
0:00 What is TRF in Bank of India
0:03 Meaning of TRF
0:10 TRF on Bank of India statements
0:18 TRF stands for transfer
0:22 Indicating internal fund movements
0:26 Self-initiated and automated transfers
0:34 Difference from NEFT and RTGS
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در تاریخ 1403/05/22 منتشر شده
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