Inter Bank Transfer is a special service that allows you to transfer funds electronically to accounts in other banks.

In India  the Inter Bank Transfer is possible mainly through 2 methods:

NEFT – The acronym “NEFT” stands for National Electronic Funds Transfer. Funds are transferred to the credit account with the other participating Bank using RBI’s NEFT service. RBI acts as the service provider and transfers the credit to the other bank’s account.

RTGS –The acronym “RTGS” stands for Real Time Gross Settlement. The RTGS system facilitates transfer of funds from accounts in one bank to another on a “real time” and on “gross settlement” basis. The RTGS system is the fastest possible inter bank money transfer facility available through secure banking channels in India.

1- The RBI Governor reviews the Annual Monetary and credit policy every time after a gap of ———months?

three

2- Reserve Bank of India keeps changing the ratio which regulates the minimum reserve each bank must hold to customer’s deposits. What this ratio called?

Cash Reserve Ratio

3- Which bank has the punchline”Much more to do with YOU in focus”?
Andhra Bank

4- A new field of banking system made up of large-scale banks that operate extensive networks of branches and provide different services. This new termed emerged in the banking field is —————?

Universal Banking

5- Providing credit and other financial services and products of very small amount to the poors in rural / semi-urban area is callled as …………..?

Micro Finance

6- What are Basel Norms?

Norms specially designed to control various risk factors in bank operations