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it means that sone amount has been converted to fixed deposit which will give u higher interest (10 %) as compared to ur saving account( 3.5 %). however, u can withdraw money from ur account by ATM even if ur account doesnt show any balance

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What does TFR mean on bank statements?

TFR


What does TFR mean on a Barclays mini statement?

TFR on a Barclays mini statement typically stands for "Transfer." It indicates a transaction where funds have been moved from one account to another, either within the same bank or to a different financial institution. This could include transfers made by the account holder or automated payments. If you see a TFR entry, it's advisable to check the details to understand the nature of the transfer.


What is tfr mean in banking?

it means Transfer - usually one online account to another - ok


What does TFR mean on Barclays bank statement?

TFR on a Barclays bank statement stands for "Transfer." It indicates a transaction where funds have been moved from one account to another, either within Barclays or to an external bank. This designation helps you track your financial movements and understand the nature of your transactions.


How tfr funds?

TFR (Teachers' Retirement Fund) funds are typically accumulated through contributions made by employees, employers, and investment returns. Teachers contribute a portion of their salary to the fund, which is often matched by contributions from their school districts or state governments. These pooled resources are then invested in various assets to grow the fund over time, ensuring financial support for retired educators. The management of TFR funds is usually overseen by a board or trust that ensures compliance with regulations and aims for sustainable growth.