Banking Awareness

CTS 2010 is the standard prescribed by the RBI recently for cheques issued by all banks in the country. CTS stands for Cheque Truncation...

Q1. What is the significance of 'Real-time' in RTGS? a. Funds will eventually be transmitted to beneficiary account b. Funds will be settled in batches c. Funds...

The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an...

Q1. Consider the following statements : (1) Instant Money Transfer (IMT scheme is launched by Bank of India. ) (2) It allows withdrawal of...

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer...

Q1. Which of the following organizations is selected by the RBI for issuing globally compatible Legal Entity Identifiers (LEIs)? (a) Industrial Credit and Investment Corporation...

In India, the bank deposits are covered under the insurance scheme provided by Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary...

Q1. In recent years it has been recognized increasingly that a large segment of the rural population is out of the reach of the formal...

1.  Which one is referred to as Policy rate of RBI? a.  Repo rate b.  Reverse Repo rate c.  MSF Rate d.  Bank rate 2.  RBI adopted bi-monthly monetary...

Q 1) Where is the headquarter of Federal Bank ? a) Kochi  b)Mumbai c)New Delhi d)Bengaluru    Q 2)Where is the headquarter of Allahabad Bank ? a)Pune b)Mumbai c)Mangalore d)Kolkata   Q 3) Where is the headquarter of Central Bank of India ? a) Mumbai b) Pune c) Kolkata d)...