Question

What is swoo in bank terms in my account deduction of 4000rs

Answer 1

It means it has been debited for a pre scheduled transaction it can be for ATM fee, Demat fee, locker fee, NEFT/RTGS which has been scheduled on post date, postscheduled EMI, postscheduled RD/FD creation, or any other charges particularly for some service provided by the bank.

Answer 2

The answer is PRE-SCHEDULED TRANSACTIONS:

Explanation:

• It signifies it has been debited for a pre-scheduled transaction, such as an ATM fee, a Demat fee, a locker fee, a post-dated NEFT/RTGS transaction,
• a postscheduled EMI, a postscheduled RD/FD creation, or any other charges relating to a bank service.

• Please keep in mind that the SWPO/ SWOO/ SWOS debit is for an ATM/ online/ POS/ Merchant transaction for which the account has not been debited previously due to technical issues.
• The account has been debited at this time.
• The statement narration contains the original transaction date.