GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
One hours
|
|
|
Two hours
|
|
|
Three hours
|
|
|
Four hours
|
Detailed explanation-1: -Under normal circumstances, the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank must credit the beneficiary’s account within 30 minutes of receiving the funds transfer message, according to the RBI FAQs.
Detailed explanation-2: -Today, funds can be transferred easily from one bank account to another through schemes such as NEFT, RTGS and IMPS. All of these schemes use IFSC Code to transfer funds to the beneficiary’s bank branch.
Detailed explanation-3: -Ans. Transactions in RTGS happen in real time and it is not possible to match name and account number before affording credit to the beneficiary.
Detailed explanation-4: -There is no maximum RTGS limit or cap set by RBI, but banks can set their own RTGS limit.