1.

Which of the following is fastest mode of transactions ?

Answer»

RTGS
Cheque payment
ATM Cash Withdrawl
NEFT

Solution :(a) RTGS stand for 'Real Time Gross Settlement'. RTGS is a fund transfer SYSTEM where transfer of money takes PLACE from one bank to another on a real time basis. This is the fastest mode of FUNDS transfer AVAILABLE in India through banking channel.


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