Ques 1. What is RTGS ? Ans. Real Time Gross Settlement. Ques 2. - TopicsExpress

Ques 1. What is RTGS ? Ans. Real Time Gross Settlement. Ques 2. What is NEFT ? Ans. National Electronic Fund Transfer. Ques 3. 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 ` 2 lakh. There is no upper ceiling for RTGS transactions. Ques 4:What is IFSC code? Ans :The Indian Financial System Code. IFSC is alphanumeric code that uniquely identifies a bank-branch Ques 5: How many character does IFSC code have? Ans : 11 character code Ques 6: What is IMPS ? Ans : IMPS is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service

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