Multiple Choice Questions on Money can be transferred using mobile phones through the service called ........ for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

Money can be transferred using mobile phones through the service called ........

Static Gk (RRB NTPC) Economy
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    Money can be transferred using mobile phones through the service called:

    NEFT

    Incorrect Answer

    ECS

    Incorrect Answer

    IMPS

    Correct Answer

    RTGS

    Incorrect Answer
    Explanation:
    • Immediate Payment Service is an instant payment inter-bank electronic fund transfer system though mobiles.
    • Unlike NEFT and RTGS, the service is available 24/7 throughout the year including bank holidays.
    • It is managed by the National Payments Corporation of India (NPCI).

    By: Barka Mirza
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