Question

Which electronic funds transfer system in India is

Q: Answer-Which electronic funds transfer system in India is available 24/7 throughout the year, including on...

Immediate Payment Service IMPS is an instant real-time inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. Unlike NEFT and RTGS, the service is available 247 throughout the year including bank holidays. Current, Chairman of DIPP is Ramesh Abhishek.

available 24/7 throughout the year, including on holidays also?

A MIPS

B NEFT

C RTGS

D SWIFT

E IMPS

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Which electronic funds transfer system in India is

Solution