Here is Some Basic Banking Awareness Questions and Answers
Ques . What is RTGS ?
Ans. The full form of RTGS is : Real Time Gross Settlement.
Ques :What is IFSC code?
Ans :The Indian Financial System Code. IFSC is alphanumeric code that uniquely identifies a bank-branch
Ques : What is IMPS ?
Ans : IMPS is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service
Ques .What is there any minimum / maximum amount for RTGS transactions?
Ans. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is INR 2 lakh. There is no upper ceiling for RTGS transactions.
Ques . What is NEFT ?
Ans. The full form of RTGS is : National Electronic Fund Transfer.
Ques : How many character does IFSC code has?
Ans : 11 character code[/vc_column_text][/vc_column][/vc_row]
