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The document provides an overview of the Interbank Payment System in India, focusing on the Structured Financial Messaging System (SFMS) and Electronic Funds Transfer (EFT) methods such as Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). It details the features, benefits, and operational processes of these systems, emphasizing their security, efficiency, and regulatory framework under the Reserve Bank of India. Additionally, it discusses the Negotiated Dealing System (NDS) fo

Author

Prathap Prathu

Language

EN