BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 only
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2 only
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Both 1 and 2
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Neither 1 nor 2
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Detailed explanation-1: -Ans: NEFT offers the following advantages for funds transfer or receipt: Round the clock availability on all days of the year. Near-real-time funds transfer to the beneficiary account and settlement in a secure manner.
Detailed explanation-2: -IMPS offer an instant, 24*7 interbank electronic fund transfer service capable of processing person to person, person to account and person to merchant remittances via mobile, internet and atms.
Detailed explanation-3: -Visit your bank’s nearest NEFT/RTGS-enabled branch. The NEFT/RTGS fund transfer request form should be filled out. Make sure to provide information such as the recipient’s name and account number, the transfer amount, the beneficiary bank’s name, and the beneficiary bank branch’s IFSC code, such as HDFC Bank IFSC Code.