List of Indian Bank Transaction and Finance Codes

There are many people in this world having millions of dollars but do not know how to read their own bank account statement. This is especially true for Indians receiving monthly bank statement in email. Due to digitalization, many Indian banks do not send physical statement and do not offer passbook. The email account statement contains a code for each transaction which is difficult to understand. Here is a consolidated list of transaction codes used in Indian savings bank account statement.

Transaction Codes in Indian Bank Account Statement

Each transaction in the bank statement will have a code to indicate its type. For example, you can find “ATM” for money withdrawals from ATM. Since every bank uses their own legends, below are some of the common transaction codes you will find in major bank statements like SBI, ICICI or HDFC. In addition, we have also included some popular finance terms used in checkbook and passbook.