Expected Questions on RTGS and IMPS

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

RTGS

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1. What does RTGS stands for? – Real Time Gross Settlement
2. Who maintains the RTGS payments network? – Reserve Bank of India
3. In which year RTGS started in India? – 2004
4. What is the minimum amount can be remitted through RTGS? – ₹200,000
5. What is the maximum amount can be remitted through RTGS? – No limit
6. The RTGS service window for customer’s transactions is available to banks from _______. – 9 am to 4.30pm during Weekdays
7. What is the transaction charge for RTGS amounting between ₹2 lakhs to ₹5 lakhs? – ₹30 maximum
8. What is the maximum charges for RGTS transfer? – ₹55
9. What does IDL stands for? – Intra–Day Liquidity
10. What is the Intra-day Liquidity limit for banks set by RBI? – Three times the Net-Owned Fund

 

Must Read: Expected Questions on National Electronic Fund Transfer(NEFT)

 

IMPS

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1. What does IMPS stands for? – Immediate Payment Service
2. Who has developed IMPS? – National Payments Corporation of India
3. In which year IMPS started in India? – 2010
4. IMPS is built upon which network? – National Financial Switch
5. IMPS can availed through USSD code ________. – *99#
6. Through which medium(s) IMPS can be availed? – Mobile, Internet, ATM, SMS, Branch and USSD
7. What does MMID stands for? – Mobile Money Identifier
8. How long is MMID? – 7 Digit
9. What does ABRS stands for? – Aadhaar Based Remittance Service
10. What does QSAM stands for? – Query Service on Aadhaar Mapper
11. What is the maximum limit for IMPS transaction? – ₹2 lakhs
12. What is the minimum limit for IMPS transaction? – No limit
13. IMPS using Mobile number & MMID is called – P2P (person-to-person)
14. IMPS using Account number & IFS Code is called – P2A (person-to-account)
15. 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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