NEFT, RTGS and IMPS

36. What is the transaction limit for IMPS initiated through internet banking or mobile banking?

a) Rs. 1 lakh

b) Rs. 2 lakhs

c) Rs. 5 lakhs

d) No maximum limit

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37. The settlement of NEFT transactions happens on which days?

a) Monday to Friday (excluding second and fourth Saturday of the month)

b) Saturdays and Sundays

c) Monday to Saturday (including second and fourth Saturday of the month)

d) Sundays only

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38. The settlement of RTGS transactions happens on which days?

a) Monday to Friday (excluding second and fourth Saturday of the month)

b) Saturdays and Sundays

c) Monday to Saturday (including second and fourth Saturday of the month)

d) Sundays only

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39. The settlement of IMPS transactions happens on which days?

a) Monday to Friday (excluding second and fourth Saturday of the month)

b) Saturdays and Sundays

c) Monday to Saturday (including second and fourth Saturday of the month)

d) Sundays only

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40. Which of the following is true about NEFT settlements during bank holidays?

a) Settlements are postponed to the next working day

b) Settlements are processed manually

c) Settlements are done in real-time

d) NEFT settlements do not happen on bank holidays

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