BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
IMPS is functional through which of the following?
A
ECS
B
EFS
C
NFS
D
RTGS
Explanation: 

Detailed explanation-1: -Notes: National Financial Switch is a network of shared ATMs in India. The National Financial Switch facilitates routing of ATM transactions through inter-connectivity between the Bank’s Switches, thereby enabling the citizens of the country to utilize any ATM of a connected bank. IMPS utilizes this network.

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