Question
Which of the following is not classified under the category
of e-Banking?Solution
· e- Banking provides for digital payments transactions through systems like NEFT, RTGS, and IMPS.
· Through these systems money can be sent and received in an instant anytime from anywhere.
· While NEFT and RTGS were introduced by RBI (Reserve Bank of India), IMPS was introduced by National Payments Corporation of India (NPCI).
· A cheque is a document you can issue to your bank, directing it to pay the specified sum mentioned in digits as well as words to the person whose name is borne on the cheque.
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