GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Electronic fund transfers like RTGS and NEFT are operated and maintained by ____
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Reserve Bank of India (RBI)
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Bharat Bill Payment System (BBPS)
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Clearing Corporation of India Limited (CCIL)
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National Payments Corporation of India (NPCI)
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Explanation:
Detailed explanation-1: -Key Takeaways. NEFT stands for National Electronic Funds Transfer whereas RTGS is short for Real-Time Gross Settlement. NEFT is a payment system where the settlement of funds takes place in half-hourly batches. RTGS a payment system of continuous and real-time settlement of fund transfers.
Detailed explanation-2: -There are no stipulated limitations to RTGS timings, and this fund transfer can be done 24*7*365. To make an RTGS transfer, all you need to input are the following: Your account details. Beneficiary account number.
There is 1 question to complete.