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Business Services
Question
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Ram wants to remit eighty five thousand rupees. Can he remit this amount through RTGS ? Give reason for your answer. Which of other option is available to him ?

Answer

Ram cannot remit eighty five thousand rupees through RTGS as the minimum amount to be remitted through RTGS is Rs. one lakh.

The other options open to him are EFT and NEFT.

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