Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.57)

57. 

For which transactions RBI has extended the time from 4:30 pm to 6 pm?

[A]. National Electronic Fund transfer (NEFT)
[B]. Real Time Gross Settlement System (RTGS)
[C]. Unstructured Supplementary Service Data (USSD)
[D]. Immediate Payment Service (IMPS)

Answer: Option B

Explanation:

The Reserve Bank of India (RBI) announced that the time-window for using the Real Time Gross Settlement System (RTGS) for customer transactions will be extended from 4:30 pm to 6 pm on all working days. It will be effective from June 1, 2019. The current RTGS service window for customer transactions is available to banks from 8 a.m. to 4.30 p.m. on a working day.

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