Question

Mr. Anmol has a current account in State Bank of India, he is having many transactions
of funds transfer every day. One day he asked bank manager to transfer Rs 50,000
to a client in Mumbai immediately . The bank manager replied to transfer the fund
immediately minimum amount is Rs 2,00,000.
In the context of above case
(I). Identify the concept diseussed in the above case.
(II) Exaplaiin any featrues of that concept.

Answer 1

I. The concept discussed is RTGS
II. Features of RTGS: Refer to Page No. 152 .