IBPS Preparation

Banking Awareness, IBPS Exam Preparation, PO, RRB, IT Officer

Basic Banking Awareness Questions and Answers

Here is Some Basic Banking Awareness Questions and Answers

Ques . What is RTGS ?
Ans. The full form  of RTGS is : Real Time Gross Settlement.

Ques :What is IFSC code?
Ans :The Indian Financial System Code. IFSC is alphanumeric code that uniquely identifies a bank-branch

Ques : What is IMPS ?
Ans : IMPS is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service

Ques .What is there any minimum / maximum amount for RTGS transactions?

Ans. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is INR 2 lakh. There is no upper ceiling for RTGS transactions.

Ques . What is NEFT ?
Ans. The full form of NEFT is :  National Electronic Fund Transfer.

Ques : How many character does IFSC code has?
Ans : 11 character code


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