Which of the following are NOT necessary for IMPS transactions?1). MIC – InterviewSolution

1.	Which of the following are NOT necessary for IMPS transactions?1). MICR Code2). IFSC Code3). Name of the account holder4). Both 1) and 3)
Answer» IMPS stands for Immediate Payment Service. STARTED in 2010, it is a 24X7 FACILITY available to all bank account holders. In order to TRANSFER money through IMPS, account number of the receiver and IFSC Code are required.

Discussion

No Comment Found

Related InterviewSolutions

The Security Printing and Minting Corporation of India Limited was established in the year ________. 1). 20062). 20053). 20044). 2010
1). 500 Cr2). 400 Cr3). 300 Cr4). 200 Cr
LSR is a mismatch on bank’s balance sheets. What is the meaning of ‘L’ in ‘LSR’?1). Least2). Liquidity3). Legal4). Low
RBI issued short-term debt management instruments known as CMBs. What does ‘B’ stand for in the same?1). Bills2). Bonds3). Banks4). Branch
1). AC Shah Committee2). A Ghosh Committee3). Abid Hussain Committee4). Nachiket Mor Committee
Which of the following terms does NOT figure in FINO?1). Financial2). Inclusion3). Operation4). Network
1). Only I and II are correct2). Only III is correct3). Only II is correct4). All are correct
Market risks are most prominent for banks engaged in1). Retail banks2). Investment banks3). Commercial banks4). Central banks
What does second 'C' denotes in C A LC S?1). Capital Adequacy2). Clearence3). Customer4). Compliance
Ujjivan SFB has announced the launch of its overdraft facility for all MSEs with a turnover of Rs ________ lakhs or more.1). 102). 253). 504). 65