Rnsb Jobs for Senior Executive Vacancy in Jamnagar

With the advent of electronic payment distribution, the world of banking has been simplified for many of us, particularly those who have an aversion to long queues and endless waiting. Reserve Bank of India has introduced two very significant ways of electronic fund transfer, namely- NEFT (National Electronic Fund Transfer) and RTGS (Real Time Gross Settlement). Using this innovative technology of electronic money transfer, you can make payment settlements from the comfort of your home.

RBI deems it necessary that prior to requesting for a NEFT/RTGS transaction, you must know some very important details of the bank- both sender and recipient bank. Apart from other basic details, one of the most important pre-requisites is the IFSC code, which aids in identification of the banks participating in the online transaction.