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MT Stands for Money Transfer in banking terms. A Money Transfer is a transaction wherein money is transferred from the bank account of one customer into the bank account of another customer. For Ex: let us say I owe you Rs. 5000/- which I borrowed last month and I know your bank account number. I can just login to my bank account and transfer the money to your account using the MT facility
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What is mt in banking term?
the term mt in banking means money transfer
What are banking terms?
Here is a link to a glossary of banking terms. Click the link in 'Related Links'.
WHAT IS MT 706 in Banking?
An M& 706 in banking is simply a request to transfer funds. Transferring money from any account to another one is referred to as an MT 706.
What do you mean by clearance in banking terms?
what do you mean by clearance in banking
What is the meaning of remote banking?
rural banking
What is swift mt 700 in banking?
Banks issue letter of credits for which they generate the swift message "MT 700".
What is the meaning of bulk posting in banking terms?
it means that in your account their is 1 to many transcation is made and to make an entry the bulk posting is made .
What is the meaning of corefor banking software?
core banking solution
What is the Meaning of institutional banking and examples of institutional banking in India?
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What is a swift mt 103 or tt?
An MT 103 is a SWIFT banking code or message. The MT 103 typically means a wire transfer is about to be made as a form of payment.
What is a swift MT'S?
A Swift MT 420 is actually a type of integration project. It is used in the banking world, particularly in interest rates.
What is the meaning of comparative banking?
Comparative banking systen :- This is the study and analysis of various banking systen in the world.
