Electronic Clearing and Settlement Systems
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Information Technology and Digital Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 71 rapid-fire Q&A cards.
Less than ₹50,000?
PPS not applicable
₹50,000 – ₹4,99,999?
Optional (customer can opt-in for added security)
₹5,00,000 and above?
Mandatory for all cheque presentations
Up to ₹4,99,999 self-presentation?
Exempt when presented by the account holder himself or authorised signatories
Use case — NEFT / RTGS?
NEFT: Small / retail transfers; RTGS: Large-value transfers
Settlement — NEFT / RTGS?
NEFT: Deferred net settlement in 48 half-hourly batches; RTGS: Real-time gross settlement, transaction-by-transaction
Minimum amount — NEFT / RTGS?
NEFT: No limit; RTGS: ₹2,00,000
Maximum amount — NEFT / RTGS?
NEFT: No limit; RTGS: No limit
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
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