What is TRF Meaning in Bank of India?

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.


  1. Rs258rupeesis dedicated as trf charges from my account I didn’t make any transfer in this month what can l do to get money back plz tell me.

  2. 177 rs deducted from my account. I didn’t make any bank-to-bank transactions. So why did they cut the amount as TRF charges

  3. approximately 300rs TRF charges have been deducted by bank many times …what is happening 😡😡

  4. എന്റെ എക്കൗണ്ടിൽ നിന്നും TRF എന്നു പറഞ്ഞു സംഖ്യ പിടിച്ചതായി കാണുന്നു
    ഇത് എന്താണ് .. തട്ടിപ്പറിയാ പകൽ കൊള്ളേയോ … ഇതിനെ ആർക്ക് പരാരി കൊടുക്കും …

  5. 118 rs deducted from my account. I didn’t make any bank-to-bank transactions. So why they cut the amount as TRF charges.

  6. 177 TRF charges cut Huye mere BOI ac Se minimum 5 times.. par Maine khuch BOI to BOI transaction kiye hi nahi.

  7. Why the hell my amount 177 is debited for TRF without me transferring money to others?? What kind of fraudulent activity is this anybody helps me??!

  8. This to same happen to me but I have never done any transfer to any account and they deducted my money.

  9. 234 RS amount deducted from my account as TRF charges even I didn’t transfer any money from my BOI to any other BOI account and the second question is these charges annually deducted or monthly.

    • 2 days 200 rupee deducted from my account as trf charges and I haven’t yet transferred any money what can I do to get my money back.

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