Multiple choice

Different banks provide service electronically to each others’ customers through a system. What is it called?

  1. Shared Payment Network System

  2. Integrated Payment Network System

  3. Centralised Banking System

  4. Centralised Banking Solution
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Shared Payment Network System (SPNS) or SWADHAN network of ATMs is to provide 24 hours, 7 days in a week and 365 days in a year, electronic banking service to the customers of different banks. Different banks' customers can use other banks services through SPNS.

Keep practicing — related questions