What is IMPS (Immediate Payment Services)?
IMPS – Immediate Payment Services. In today’s scenario everybody wants to do everything in a faster manner. More pacifically, everybody wants to do banking transaction in such a way that…
Real Time Gross Settlement (RTGS)
RTGS stands for Real Time Gross Settlement. It was introduced in the year 2004. It is also one of the Electronic fund transfer system, which facilitates a continuous and real-time…
National Electronic Fund Transfer (NEFT)
NEFT – National Electronic Fund Transfer. In olden days, it was the practice of walking to the bank branch for transacting the fund transfer from one bank to another bank.…
What is IFSC code? What is MICR code?
In olden days, it was the practice of walking to the bank branch for transacting the fund transfer from one bank to another bank. In those days, the banker in…
Banking Codes and Standards Board of India
‘Banking Codes and Standards Board of India’ (BCSBI) has been registered as a society under the ‘Societies Regulation Act, 1860’. It is functioning as an independent and autonomous institution to…