2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For which transactions RBI has extended the time from 4:30 pm to 6 pm?
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National Electronic Fund transfer (NEFT)
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Real Time Gross Settlement System (RTGS)
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Unstructured Supplementary Service Data (USSD)
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Immediate Payment Service (IMPS)
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Explanation:
Detailed explanation-1: -Transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) System will continue upto 2400 hours as hitherto on March 31, 2022. 4.
Detailed explanation-2: -RTGS is available 24x7x365 with effect from December 14, 2020. 6.
Detailed explanation-3: -The Reserve Bank of India (RBI) has decided to extend the timeline for banks and other institutions to migrate to the framework for processing of e-mandates on recurring online transactions by six months to September 30. The earlier deadline to migrate to the Additional Factor of Authentication (AFA) ended on March 31.
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