Banking · Cash Management Services
Consider the following statements regarding Cash Management Services offered by banks in India: 1. NEFT payment channels are used to facilitate bulk disbursements to beneficiaries across various banks. 2. Auto-sweeping facilities help in pooling funds at desired locations for better liquidity management. 3. The NACH payment facility is primarily used for one-time high-value remittances. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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