General Studies · Payment and Settlement Systems
ISO 20022 is a global standard for financial messaging used in payments and securities systems. India was among the early adopters of ISO 20022-based messaging for high-value transactions to standardise formats. Which of the following payment systems in India is associated with India's early adoption of ISO 20022 messaging standards?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1CTS cheque truncation system only
- 2RTGS high-value real-time payments✓
- 3IMPS low-value payments only
- 4NEFT retail transfers only
Correct answer
RTGS high-value real-time payments
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