Question

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 ?

Solution

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.

Some More Questions From Business Services Chapter

For Daily Free Study Material Join wiredfaculty