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Digital banking, CORE (centralized online real time exchange), CBS(CORE banking solution)
DIGITAL BANKING
- CORE(centralized online real time exchange)
- CBS(CORE banking solution)
- RTGS (real time gross settlement)
- NEFT (national electronic fund transfer)
- RTGS and NEFT work under RBI
- RTGS and NEFT are used to account to account fund transfer
- intra bank transaction : when you transfer money within the same bank than its called intra bank transaction
- inter bank transaction : when you transfer money from one bank to another bank than its called inter bank transaction
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