MC41 Which of the following is a type of banking service that allows customers to transfer money to another bank account instantly?
A. NEFT
B. RTGS
C. IMPS
D. UPI
Answer:B
MC41 Which of the following is a type of banking service that allows customers to transfer money to another bank account instantly?
A. NEFT B. RTGS C. IMPS D. UPI
Explanation: RTGS (Real-Time Gross Settlement) is a type of banking service that allows customers to transfer money to another bank account instantly. The minimum amount for an RTGS transaction is usually Rs. 2 lakh, and there is no upper limit for the transaction amount.