Many times we see banks advertise- anywhere Banking: Anytime Banking. Which of the following product/facilities launched by banks make it possible for the customers to avail banking services 24 hours all seven days?begin{enumerate}item ATMitem Internet Bankingitem Universal cheque book facilityend{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Many times we see banks advertise-” anywhere Banking: Anytime Banking". Which of the following product/facilities launched by banks make it possible for the customers to avail banking services 24 hours all seven days?

A	Only 1
B	Only 2
C	Both 1 & 2
D	Only 3

Explanation:

Detailed explanation-1: -Immediate payment service (IMPS) It was built upon NFS network. It is an instant real-time payment service which help customer to transfer money anytime and anywhere in India.

Detailed explanation-2: -What Is Time Banking? Time banking is a system of bartering various services for one another using labor-time as a unit of account which was developed by various socialist thinkers based on the labor theory of value.

Detailed explanation-3: -ATM full form is Automated Teller Machine which is a self-service banking outlet. You can withdraw money, check your balance, or even transfer funds.

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