2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NEFT, RTGS
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AI Chatbot
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Mobile Banking
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UPI
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Detailed explanation-1: -Q. Which new facility has been rolled out for Post Office Savings Bank Account (POSB) Account holders? Notes: The Central Government has rolled out the NEFT, RTGS facility for Post Office Savings Bank Account (POSB) Account holders. This step will make investment in POSB schemes easier.
Detailed explanation-2: -Real Time Gross Settlement or RTGS Customers can transfer and receive money via RTGS, using their account number and IFSC code. RTGS services can be availed using IPPB’s Mobile banking app. These services are also available at selected access points (post offices).
Detailed explanation-3: -Post Office Savings Bank (POSB) | Infopedia.
Detailed explanation-4: -Only thing is a minimum balance of Rs. 50 should be maintained in case of a generic account and Rs. 500 in case of cheque facility.