Question

How does a Central Bank (for example RBI) transfer funds from one place to another? Illustrate.

Answer 1

Heyaa☺
_____________________

➡By Money creation the Central Bank transfer funds from place to another example of this is RBI.

_____________________

Hope you understand..✌
#BeBrainly❤

Answer 2

Answer:

The Central Bank transfer funds from one place to another through either NEFT or National Electronics Funds Transfer, RTGS or Real Time Gross Settlement  or IMPS or Immediate Payment Service.

• NEFT - National Electronic Funds Transfer is a national money transfer system that enables with the facility to transfer funds electronically respective bank accounts to any other bank account of the same bank or other network of banks.
• RTGS - Real Time Gross Settlement, is a real-time transfer of funds system allowing the transfer of funds in real time or on a gross basis from one bank to another.
• IMPS - IMPS provides instant electronic mobile transfer service. IMPS interbank transfer service is available 24X7, allowing the access to account using the mobile phone and approving the transfer of funds between banks and accounts. The IMPS service also features a secure transfer gateway and prompt confirmation on completed orders.