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

This question is part of 40000+ MCQs GKToday PCS Mock Tests Series in GKToday Android app. Question Number: 25 in GKToday PCS Mock Test - 188 in above course in App.