BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

What is the name given to the online payment services that all internet banking customers can use?

A	E pay
B	E-commerce
C	ECS
D	All of these

Explanation:

Detailed explanation-1: -IMPS. Immediate Payment System (IMPS) also deals in the real-time transfer of funds. It is most commonly used to transfer funds instantly within banks across India via mobile, internet and ATM. One can transfer funds via IMPS just with the mobile number of the beneficiary.

Detailed explanation-2: -National Electronic Funds Transfer (NEFT) is a mode of online funds transfer that is introduced by the Reserve Bank of India (RBI).

Detailed explanation-3: -Electronic banking services are a range of banking and other services or facilities that use electronic equipment and include: online banking. ATM and debit card services. phone banking. SMS banking.

Detailed explanation-4: -Internet banking, also known as online banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website.

Detailed explanation-5: -The major types of E-banking are online internet banking, mobile banking, automated teller machine (ATM), and debit and credit cards.

There is 1 question to complete.