Business Studies, asked by 9988321323, 3 months ago

why inter banking transactions are carried out?

Answers

Answered by Aʙʜɪɪ69

1

Explanation:

Inter Bank Transfer enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. ... Fund transfer transactions are settled in batches as opposed to the continuous, individual settlement in RTGS.

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