49 - NEFT, RTGS and IMPS

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on NEFT, RTGS and IMPS for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

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1).
What does S stands for in SFMS in relation to NEFT payment method?
2).
What is the maximum limit per transaction in NEFT?
3).
How many digits are present in IFSC code?
4).
What is the minimum amount of money that can be transferred through RTGS?
5).
NEFT works on the principle of which of the following?
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