Current Affairs

GK MCQs Section
Q. What does S stands for in SFMS in relation to NEFT payment method?
Answer: Structured
Notes: NEFT SFMS message” means an electronic Structured Financial Messaging Solution (SFMS) message containing a batch of NEFT payment instructions for funds transfer, processed and consolidated in the manner specified for transmission of payment instructions from NEFT Service Centre to the NEFT Clearing Centre
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📌 Question Number: 1 in 49 - NEFT, RTGS and IMPS in the above course in App.