Bank of India (BOI) is a state-owned commercial bank primarily based in Mumbai with a total of 5092 branches in every state of India as well as a presence in 22 foreign countries. The bank offers banking options and financial services to both corporate and retail customers while also dealing in foreign exchange, mutual funds, and credit card services. The bank functions on three main business sections called treasury, wholesale and retail banking operations and it also has specialized branches dealing with small scale industries.
So, coming to the main question “What does TRF mean in a BOI account?” and why does it seem to confuse so many of us when we see it in a message or notification?
Well to start with TRF stands for the word transfer and it means any funds transfer, be it for internet charges, SMS charges, or any other purpose, from one BOI account to another BOI account. It is shown in the form of a message on your phone or as an entry in your bank account statement whenever any funds transfer took place concerning your account.
The message shows you the amount of money credited or debited and the time at which the transaction occurred along with a TRF sign after it which notifies you that this a type of funds transfer. Furthermore, no kind of additional charges is levied when a TRF occurs regardless of who made the transaction.
The key point here is that transfers can only happen if the other account is a BOI account too. BOI usually writes TRF instead of transfer for the apparent reason of saving space when sending bulk messages to thousands of customers every day. It is more like a notification alerting you of some funds transfer which eventually shows up on your passbook also.
To sum it up TRF is a short form for Transfer/Funds Transfer usually used by Bank of India whenever any transaction occurs concerning your account. TRF can occur only for accounts within the same bank and doesn’t cost anything additional.
It can be checked in your messages section of the phone where notification may have shown up whenever the funds’ transfer took place and can also be seen in your bank statement or passbook whenever you want. The main purpose of using such a kind of short-form is to save space and lines while sending out messages to customers regarding the transaction details.
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BOI - Rs 1.00 Credited(TRF)F01UPI/324445961355/010923/RRC in your Ac XX4561 on 03-09-2023
What Is Happening Why Did Cutting My Money In TRF Charges
I Want Return My Money
mala maje pasi prat Kara trf chy
BOI - Rs 436.00 Debited(TRF) RENEWAL -
this msg is been displayed.????
what is prosess to get the money back.
what is happening without any proper information.
yes this happened with me too . how can I get my money back ?
yes this happened with me too . how can I get my money back ?
Ek bar 20 rs 436 rs kat liya hai mere paise wapas chahiye kaisa Bank hai apne aap kat leta hai mere paise wapas chahiye
mera do baar 436rs karke kaat liya faltu bank mujhe mera Mera Paisa wapas kro????????????????????
BOI_RS295 Debited(TRF) NACH RTN CHG/04122021
Aise hi mere ac se 10 bar se jyada kat chuka hai.. kya karu yaar
BOI - Rs 59.00 Debited(TRF) Min Bal Charge Serv.TAX < Marc in your Ac XX0365 on 21-04-2023.Avl BalRs 1169.82.
मेरे खाते से महीने में दो टीआरएफ का चार्ज ₹436 दिनांक 20/05/2023 को काटा गया है उसके बाद दूसरा टीआरएफ ₹436 दिनांक 28/05/2023 को काटा है अतः महोदय से अनुरोध है कि टीआरएफ दो बार क्यों काटा गया है इसका विवरण दें मेरा पैसा वापस करने का कष्ट करें
Rs 118.00 Debited(TRF) MODE-DEBIT CAR/31012023/BKID70 in your Ac XX9847 on 20-03-2023 , there are no trf charges then why again charged them...try solve it..
1180 Hamare a/c se Har month 195 yek din me ye charg 4 bar tak lag jata hai 1180 ₹ kat Rahe hai
Bank of India is the very worst bank in India unreasonably debited money from account 413 rps debited for TRF don't use boi use iob