WHAT IS NPF IN ACCOUNTS.
AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE"
PLEASE ANSWER WHAT IS NPF?
Answer / Dhanraj
In this context, NPF stands for 'Nominal Principal Figure'. It is the original principal amount that a borrower agrees to repay in installments over the loan tenure. In bank statements, when you see an entry such as 'NPF Some Name XXXX DR Side', it indicates that a loan has been taken or disbursed to 'Some Name XXXX'.
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