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    Question

    Which electronic funds transfer system in India is

    available 24/7 throughout the year, including on holidays also?
    A MIPS Correct Answer Incorrect Answer
    B NEFT Correct Answer Incorrect Answer
    C RTGS Correct Answer Incorrect Answer
    D SWIFT Correct Answer Incorrect Answer
    E IMPS Correct Answer Incorrect Answer

    Solution

    Immediate Payment Service ┬а (IMPS) is an instant real-time inter-bank┬а electronic funds transfer┬а system in┬а India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. Unlike┬а NEFT┬а and┬а RTGS, the service is available 24/7 throughout the year including bank holidays. Current, Chairman of DIPP is Ramesh Abhishek.

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