Question

Write short notes on (a) call money (b) core banking(c) RTGS (d) NEFT(e)E-Banking

Answer 1

Explanation:

• call money = Call money is any type of short-term, interest-earning financial loan that the borrower has to pay back immediately whenever the lender demands it. Call money allows banks to earn interest, known as the call loan rate, on their surplus funds. Call money is typically used by brokerage firms for short-term funding needs.

• cor banking =Core banking can be defined as a back-end system that processes banking transactions across the various branches of a bank. ... Among the integral core banking services are floating new accounts, servicing loans, calculating interests, processing deposits and withdrawals, and customer relationship management activities..

• RTGS=Real Time Gross Settlement (RTGS) is an electronic form of funds transfer where the transmission takes place on a real time basis. In India, transfer of funds with RTGS is done for high value transactions, the minimum amount being Rs 2 lakh. The beneficiary account receives the funds transferred, on a real time basis.

• NEFT=NEFT enables bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis. It is done via electronic messages. Unlike real-time gross settlement, fund transfers through the NEFT system do not occur in real-time basis.

• E- banking =E-banking is a product designed for the purposes of online banking that enables you to have easy and safe access to your bank account. E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week.

❤answer by gentryamansharma ❤..

for more answers follow me ✔✔✔✔✔✔