Banking - Online Money Transfer Modes

CMAT 2019 · General Knowledge · Easy · Banking

Which of the following is not mode of online money transfer in India through online banking ?

  1. A.

    IFSC

  2. B.

    NEFT

  3. C.

    IMPS

  4. D.

    RTGS

Answer

A

Explanation

IFSC (Indian Financial System Code) is an alphanumeric code used to identify bank branches, not a mode of money transfer. NEFT, IMPS, and RTGS are modes of money transfer.

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