Ubp/xfer idbi

What do you mean by UBP/XFER in IDBI Bank refrence would you plz tell me about the same , as my one of the friend asking me about it??

[pawan]

IDBI Bank is an Indian government-owned financial service company.

As you asking here I am telling UBP/XFER stand for Utility Bill Payment / Transfer. Some banks including IDBI Bank refer it as UBT/XFER.

Usually banks denote the word transfer as XFER in the transaction statements. So, the amount debited related to UBT/XFER transaction might be completely related to online payment that you have recently made. It includes utility Bill Payments like Water bill, Gas bill, electricity bill, online Bus Booking, Theater/movie ticket booking, online purchasing like Paytm, Flipkart etc.

Bank profile


Type

Government-owned bank

Traded as BSE: 500116

NSE: IDBI

Industry Banking, Financial services

Predecessor IDBI

Founded 1 July 1964, 52 years ago

Headquarters Mumbai India

Key people

Mahesh Kumar Jain(Managing Director & CEO)

Products consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management,
Agriculture Loan

Revenue 28,043.10 crore (US$4.4 billion) (2016)

Operating income

5,370 crore (US$840 million) (2016)

Net income

-3,664.80 crore (US$−570 million) (2016)

Total assets 374,372.12 crore (US$58 billion) (2016)

Number of employees

17,570 (March 2016)

Capital ratio 11.76% (2016)