NEFT

Q. In the following question, select the odd word from the given alternatives-

निम्नलिखत प्रश्न में दिए गए विकल्पों में से बेजोड़ शब्द को चुनिए -

(A) ECS

(B) RTGS

(C) NEFT

(D) EMI

ANS: = (D) EMI

Details: - ECS(Electronic Clearing Service) is used for making bulk payments, i.e. transfer of money to multiple accounts.

RTGS (Real-time gross settlement) and NEFT(National Electronic Fund Transfer) are also ways to transfer money between bank accounts.

EMI (Equated Monthly Installments) on the other hand is used to pay back an amount that has been loaned. This is done on a monthly basis.

Thus, EMI is not a form of transferring sums of money to other accounts, and hence is the odd one out.