BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Financial Switch
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National Financial Service
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National Financial System
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National Financial Security
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Detailed explanation-1: -What is NFS? National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India. It was designed, developed and deployed with the aim of inter-connecting the ATMs in the country and facilitating convenience banking. It is run by the National Payments Corporation of India (NPCI).
Detailed explanation-2: -Network File System (NFS) Protocol NFS, or Network File System, was designed in 1984 by Sun Microsystems. This distributed file system protocol allows a user on a client computer to access files over a network in the same way they would access a local storage file.
Detailed explanation-3: -National Financial Switch (NFS) is the largest network of shared ATMs in India. Developed by IDRBT Hyderabad in 2004, it enables interconnectivity of bank switches, connecting all ATMs in the country and providing convenience banking for all citizens.
Detailed explanation-4: -National Switch means a set-up providing interoperability and reciprocity between the Payments System Providers and Payments System Operators to route transactions between endpoints; Sample 1.
Detailed explanation-5: -National Financial Switch (NFS) – Leading ATM Network| NPCI.