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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Payment Settlement Systems with reference to Selected Banks |
| Authors Name: | Gattu Satyapriya , G. Sabitha |
| Unique Id: | IJSDR2102003 |
| Published In: | Volume 6 Issue 2, February-2021 |
| Abstract: | Payment systems are one of the primary elements of every country’s financial systems that play a determining role in fast, efficient, and secure transfer of funds between markets and different parties of financial systems. They are also an effective factor in improving efficiency of country’s financial systems. Besides, development of payment systems contributes to financial and economic development of country, because it facilitates economic exchanges and provides a good basis for implementing monetary policies. In recent years, electronic payment and settlement systems of funds have experienced dramatic improvements in country by introducing country’s comprehensive payment system plan. The procedure of these improvements is specifically distinguishable since 2001. Comprehensive payment system plan is a national project which provides the main basis for electronic transfer of funds. |
| Keywords: | Account holders, Financial systems, NEFT, Payment system plan, Payment settlement systems, RBI, RTGS. |
| Cite Article: | "Payment Settlement Systems with reference to Selected Banks", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.6, Issue 2, page no.22 - 34, February-2021, Available :http://www.ijsdr.org/papers/IJSDR2102003.pdf |
| Downloads: | 000337067 |
| Publication Details: | Published Paper ID: IJSDR2102003 Registration ID:192868 Published In: Volume 6 Issue 2, February-2021 DOI (Digital Object Identifier): Page No: 22 - 34 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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