BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NEFT
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IMPS
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RTGS
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Mobile no & MMID
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Detailed explanation-1: -RTGS can be performed at the Bank of Baroda website or branch only if the amount is more than Rs. 2 lakhs in a day. The maximum amount which can be paid via RTGS is Rs. 5 lakhs per day.
Detailed explanation-2: -India’s largest bank the State Bank of India (SBI) has not levying any transaction charges through IMPC, RTGS and NEFT for YONO, internet banking and mobile banking customers. Similarly, HDFC Bank imposes no charges on NEFT transactions.
Detailed explanation-3: -The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be explained as a system where there is continuous and real-time settlement of fund-transfers, individually on a transaction-by-transaction basis (without netting).
Detailed explanation-4: -Transaction Limit: Rs. 30 Lakhs per transaction and Rs. 75 lakhs per day.