Topic 6 of 6

Banking Payment Systems & ICT Operations

25 questions on RTGS, SWIFT, NEFT, payment messaging (MT/MX), banking ICT infrastructure, and operational risk fundamentals.
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Tip: Know the difference between RTGS (real-time, gross, high-value) and NEFT/ACH (batched, retail). MT103 = single customer credit transfer, MT202 = bank-to-bank transfer. SFMS is India's domestic equivalent of SWIFT.
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