GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following organisations has been set up to facilitate connectivity between the Bank’s switches and their ATMs, and inter bank payment gateway for authentication and routing the paymen
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IBA
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IRDA
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SIDBI
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IDRBT
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Explanation:
Detailed explanation-1: -The Institute’s National Financial Switch (NFS) continues to facilitate routing of ATM transactions through inter-connectivity between the Bank’s Switches.
Detailed explanation-2: -Cooperative Banks get Core Banking access with the help of NABARD.
Detailed explanation-3: -Ans. An ATM is a computerised machine that provides customers of banks the facility of accessing their accounts for dispensing cash and to carry out other financial & non-financial transactions without the need to visit the bank branch.
There is 1 question to complete.