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What Is “banknet”? |
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Answer» It’s a KIND of payment network established by RBI. It was launched during 1991 in India. In this network the user can BANKNET from their premises through leased or dial up lines at the local centers. Here the messages of BANKING transactions are transferred in the form of codes for the settlement of the transaction and advice. It also PROVIDES access to SWIFT through its system. It’s a kind of payment network established by RBI. It was launched during 1991 in India. In this network the user can BANKNET from their premises through leased or dial up lines at the local centers. Here the messages of banking transactions are transferred in the form of codes for the settlement of the transaction and advice. It also provides access to SWIFT through its system. |
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