• Types of Bank Payment Systems




    Paper-based Payments:
    • Cheques,
    • Drafts

    Electronic Payments:
    • Electronic Funds Transfer (EFT)
    • National Electronic Funds Transfer (NEFT)
    • Real Time Gross Settlement (RTGS)
    • Electronic Clearing Service (ECS) Credit
    • Regional ECS (RECS)
    • Electronic Clearing Service (ECS) Debit
    • Clearing Corporation of India Limited (CCIL)

    Other Payment Systems:
    • Mobile Banking System
    • Pre-paid Payment Systems
    • ATMs / Point of Sale (POS) Terminals / Online Transactions
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