OTS Abbreviation
Looking for OTS abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of OTS in various groups like Banking, Academic & Science, Miscellaneous, Transport & Travel, Business, and Technology.
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Popular abbreviations of OTS:
Searching for OTS abbreviation / OTS full form leads to different results in different categories. The below table illustrates the popular acronyms among them.
| Term | Abbreviation | category |
|---|---|---|
| OTS | One Time Settlement | Banking |
| OTS | Organization For Tropical Studies | Universities & Institutions |
| OTS | On The Spot | Chat & Messaging |
| OTS | Out Of Service | Land Transport |
| OTS | Off The Shelf | Business Terms |
| OTS | Open To Sky | Airplanes & Aircraft |
| OTS | On The Scene | Games & Entertainment |
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What does OTS mean?
The full form of OTS is One Time Settlement. Under the one-time settlement, the borrower can get the rebate starting from 25% to 85% in case of non-payment of the loan. The Reserve Bank of India started the OTS services for the non-performing assets customer who can avail of the loan services from the bank.
As the non-payment of the loan can decrease people’s credit score, the OTS helps protect their credit score.
These are generally the short-term loan that the borrower needs to pay within six months of the approval of the loan. But in case it is extended to one year, then the borrower has to pay the amount with interest.
Special Conditions for OTS
- If the borrower can pay the entire amount within one month, they can get a discount on the total amount.
- If the borrower takes the loan of 5 crores or more than 25% of the payment needs to be done as mentioned in the clause. The rest, 75%, has to be made within one year from the date sanctioned.
- The OTS is liable to cancel in case of non-payment, as mentioned in the clause.
General principles for settlements
- Bank has to work on the payment no matter the present status or recovery proceeding.
- The bank’s role is to get the maximum amount without bearing much loss.
- If the borrower has a group of companies, other companies can be considered in the recovery process.
- The bank has to make an effort to recover the amount within three months of the settlement.
- The recovery proceedings should be continued in case of the non-payment of the said amount.
Payment Schedule of OTS
- 10% of OTS needs to be paid within 30 days from the commencement date.
- Another 15% needs to be delivered in the next 60 days.
- The remaining 75% must be paid within six months from the commencement date.
- All dues need to be cleared before the clearance certificate.
All Abbreviations of OTS in 23 categories:
If you are looking for OTS meaning in a specific category, check out the detailed sections below. We have segregated the acronyms based on their category and grouped them in each section.
OTS abbreviation in Banking:
What does OTS mean in Banking category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | One Time Settlement |
OTS abbreviation in Academic & Science:
What does OTS mean in Academic & Science category? We have listed down 6 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Organization For Tropical Studies |
| OTS | Orthodox Theological Seminary |
| OTS | Orbital Test Satellite |
| OTS | Of Tropical Studies |
| OTS | Oakley Training School |
| OTS | Optical Transient Survey |
OTS abbreviation in Miscellaneous:
What does OTS mean in Miscellaneous category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | On The Spot |
OTS abbreviation in Transport & Travel:
What does OTS mean in Transport & Travel category? We have listed down 6 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Out Of Service |
| OTS | Owensboro Transit System |
| OTS | Office For Transport Security |
| OTS | Ordinary Train Staff |
| OTS | Operations And Train Systems |
| OTS | Anacortes Airport, Anacortes, Wa, United States |
OTS abbreviation in Business:
What does OTS mean in Business category? We have listed down 8 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Off The Shelf |
| OTS | Online Transfer System |
| OTS | Ocean Therapy Solutions |
| OTS | Orascom Technology Solutions |
| OTS | Of Trust Services |
| OTS | Of Thrift Supervision |
| OTS | Oasa Tamura Sugitani |
| OTS | Open Training Services |
OTS abbreviation in Technology:
What does OTS mean in Technology category? We have listed down 4 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Open To Sky |
| OTS | Ocean Technology Systems |
| OTS | Office of Technology Services |
| OTS | Optical Transmission Section |
OTS abbreviation in Computing:
What does OTS mean in Computing category? We have listed down 3 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | On The Scene |
| OTS | Object Transaction Service |
| OTS | Open Theme Standard |
OTS abbreviation in Messaging:
What does OTS mean in Messaging category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Over The Shoulder |
OTS abbreviation in Sports:
What does OTS mean in Sports category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Only The Strong |
OTS abbreviation in Governmental:
What does OTS mean in Governmental category? We have listed down 11 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Operator Training Simulator |
| OTS | Office Of Thrift Supervision |
| OTS | Oseberg Transport System |
| OTS | Officer Training School |
| OTS | Operational Training Schools |
| OTS | Officers Training Section |
| OTS | Of Transport Strategy |
| OTS | Of Technical Service |
| OTS | Operativ Technische Sektor |
| OTS | Of Traffic Safety |
| OTS | Office Of Technical Support |
OTS abbreviation in Airport Code:
What does OTS mean in Airport Code category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Anacortes (wa) |
OTS abbreviation in Military and Defence:
What does OTS mean in Military and Defence category? We have listed down 3 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Optical Tracking System |
| OTS | One-time Source |
| OTS | Operational Test Site |
OTS abbreviation in Medical:
What does OTS mean in Medical category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Opportunity To See |
| OTS | Optical Testing System |
OTS abbreviation in Job Title:
What does OTS mean in Job Title category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | One To Six |
OTS abbreviation in Society & Culture:
What does OTS mean in Society & Culture category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Ontario Theological Seminary |
| OTS | Ohr Torah Stone |
OTS abbreviation in Educational Degree:
What does OTS mean in Educational Degree category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Occupational and Technical Studies |
OTS abbreviation in Sports & Games:
What does OTS mean in Sports & Games category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Open Two Seater |
OTS abbreviation in Maths:
What does OTS mean in Maths category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Outside The Square |
OTS abbreviation in Space Science:
What does OTS mean in Space Science category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Operational Testing and Simulation |
| OTS | Orbiter Transporter System |
OTS abbreviation in Animal Kingdom:
What does OTS mean in Animal Kingdom category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Other Threatened Species |
OTS abbreviation in News & Entertainment:
What does OTS mean in News & Entertainment category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Off The Shelf/Over The Shoulder |
OTS abbreviation in Associations & Organizations:
What does OTS mean in Associations & Organizations category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Ordo Templi Sensibilium |
OTS abbreviation in Computer Hardware:
What does OTS mean in Computer Hardware category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| OTS | Overload Test Set |
Frequently Asked Questions (FAQ)
Q. What is the abbreviation of OTS in Banking?
The full form of OTS is One Time Settlement in Banking category.
Q. What does OTS stands for in Academic & Science?
Organization For Tropical Studies | Orthodox Theological Seminary | Orbital Test Satellite | Of Tropical Studies | Oakley Training School | Optical Transient Survey
Q. What is the OTS meaning in Miscellaneous?
The meaning of OTS is On The Spot in Miscellaneous category.
Q. What is the abbreviation of OTS in Transport & Travel?
Out Of Service | Owensboro Transit System | Office For Transport Security | Ordinary Train Staff | Operations And Train Systems | Anacortes Airport, Anacortes, Wa, United States
Q. What is the abbreviation of OTS in Business?
Off The Shelf | Online Transfer System | Ocean Therapy Solutions | Orascom Technology Solutions | Of Trust Services | Of Thrift Supervision | Oasa Tamura Sugitani | Open Training Services