Economics · Banking and Financial Institutions
Which of the following statements are correct regarding retail and digital payment systems in India? A. NEFT allows the customer to transfer funds with a maximum limit of Rs. 3,00,000 per day. B. IMPS allows the transfer of funds in an Instant Payment Mode. C. The minimum limit to transfer funds via RTGS is Rs. 2,50,000. D. The instant real-time payment system developed by the National Payments Corporation of India is UPI. E. For clearing of cheques under the Positive Pay System (PPS), the minimum mandatory limit set by RBI is Rs. 50,000. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1C and D only
- 2A and B only
- 3C and E only
- 4B and D only✓
Correct answer
B and D only
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