3. Write a short note on: RTGS and M – banking.help me anyone
Answers
Answer:
RTGS is also referred to as 'real time gross settlement' and NEFT is the short form for 'national electronic funds transfer'. These are methods of transferring money through an online system. It is a automated process enabled by the banks for the benefit of any form of business transactions or personal transaction.
Explanation:
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Answer:
RTGS is the payment gateway given by bank to its customer or it can be done by bankers also
to whom you want to send money instantly you should add beneficiaries info through internet banking and send money to him instantly.
Explanation:
M. banking means mobile banking
Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.). This activity can be as simple as a bank sending fraud or usage activity to a client's cell phone or as complex as a client paying bills or sending money abroad