The full form of NWD, in the context of bank statements, typically stands for Network Withdrawal.
This acronym is commonly used by various banks to denote a transaction where a customer withdraws money from an ATM (Automated Teller Machine) that belongs to a different bank network than their own. When you see "NWD" on your bank statement, it indicates that you used another bank's ATM to access your funds.
Therefore, NWD is a shorthand way for banks to categorize and track ATM withdrawals made outside of their own network.
