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Banking - General Knowledge Questions
Which of the following savings clients will have NEFT, RTGS facility available from May 2022?
A)
Indian Railways
B)
HDFC Bank
C)
Post Office
D)
Employees' Provident Fund Organisation

Correct Answer :   Post Office

According to a Department of Post circular, the NEFT facility has been made available for "Post Office" Savings Accounts holders from May 18, 2022, and RTGS facility will be available from May 31, 2022.
 
This facility enables POSB customers to transfer funds to and from other bank accounts to POSB Accounts in DoP-CBS (DoP-CBS stands for Department of Posts - Core Banking Solutions).

Source : Economic Times

Published On : May 20, 2022
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