Hello and welcome to exampundit. Today we are sharing most important Banking Awareness Expected Questions on RTGS and IMPS. Real Time Gross Settlement (RTGS) & Immediate Payments Service (IMPS) are one of the core Payment Services in India. So, here are 25 Expected Questions on RTGS and IMPS.
Expected Questions on RTGS and IMPS
- What does RTGS stands for? – Real Time Gross Settlement
- Who maintains the RTGS payments network? – Reserve Bank of India
- In which year RTGS started in India? – 2004
- What is the minimum amount can be remitted through RTGS? – ₹200,000
- What is the maximum amount can be remitted through RTGS? – No limit
- The RTGS service window for customer’s transactions is available to banks from _______. – 9 am to 4.30pm during Weekdays
- What is the transaction charge for RTGS amounting between ₹2 lakhs to ₹5 lakhs? – ₹30 maximum
- What is the maximum charges for RGTS transfer? – ₹55
- What does IDL stands for? – Intra–Day Liquidity
- What is the Intra-day Liquidity limit for banks set by RBI? – Three times the Net-Owned Fund
- What does IMPS stands for? – Immediate Payment Service
- Who has developed IMPS? – National Payments Corporation of India
- In which year IMPS started in India? – 2010
- IMPS is built upon which network? – National Financial Switch
- IMPS can availed through USSD code ________. – *99#
- Through which medium(s) IMPS can be availed? – Mobile, Internet, ATM, SMS, Branch and USSD
- What does MMID stands for? – Mobile Money Identifier
- How long is MMID? – 7 Digit
- What does ABRS stands for? – Aadhaar Based Remittance Service
- What does QSAM stands for? – Query Service on Aadhaar Mapper
- What is the maximum limit for IMPS transaction? – ₹2 lakhs
- What is the minimum limit for IMPS transaction? – No limit
- IMPS using Mobile number & MMID is called – P2P (person-to-person)
- IMPS using Account number & IFS Code is called – P2A (person-to-account)
- If the status of the IMPS transaction is shown as not available/pending, as per NPCI guidelines request you to wait for how many days for roll back? – 2 days
Get the other Expected Banking Awareness Questions from here.
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