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Give the full forms of RTGS,,NEFT,FICCI,ATM
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Give the full forms of RTGS,,NEFT,FICCI,ATM Related: Business Studies...
RTGS: Real Time Gross Settlement
- A payment system used for large-value transactions in India
- Transactions are settled in real-time and on a gross basis
- Minimum transaction amount is Rs. 2 lakhs

NEFT: National Electronic Funds Transfer
- A payment system used for small-value transactions in India
- Transactions are settled in batches and are not in real-time
- No minimum or maximum transaction limit

FICCI: Federation of Indian Chambers of Commerce and Industry
- A non-governmental organization representing Indian businesses
- Established in 1927
- Aims to promote and protect the interests of Indian businesses

ATM: Automated Teller Machine
- An electronic banking outlet that allows customers to complete basic transactions without the aid of a bank representative
- Transactions include cash withdrawals, deposits, and account inquiries
- Widely used around the world for convenience and accessibility.
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Give the full forms of RTGS,,NEFT,FICCI,ATM Related: Business Studies Questions Paper 2016 Set - 1, CBSE Class XI?
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