[BES171] Banking Transactions: E-Banking & M-Banking: BHIM-UPI-IMPS-USSD; NEFT-RTGS-ECS; Types of Cheques, Cards & ATMs, Core Banking E-Kuber, Finacle, BanCS & More

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  1. BES171/Banking Transaction#1: Cheque Types, MICR, CTS, Negotiable Instrument Act
  2. BES171/Banking Transaction#2: CBS, E-Kuber, NEFT, RTGS; ATMS & Cards
  3. BES171/Banking Transaction#3: BHIM, UPI, IMPS, USSD, NPCi

Prologue: from now on, from now on, all Powerpoint available at http://mrunal.org/powerpoint

BES171/Banking Transaction#1: Cheque Types, MICR, CTS Truncation, Negotiable Instrument Act

  • Till now we’ve finished -the evolution of money, with focus on legal tender and blockchain technology. Now let’s see the bank money in greater depth because of upcoming SBI-PO exam and UPSC prelims.
  • Negotiable instrument act 1881: various types of negotiable instruments (bill of exchange, cheque and promissory notes) and Amendments to this act in 2015 for dishonor and bouncing of cheques
  • Differences between bill of exchange, cheque, promissory notes.
  • Differences between stale cheque vs anti-dated and post-dated.
  • Types of Crossing on cheque: bearer, general, specific.
  • Stale cheque, anti-dated cheque and post-dated cheque
  • Local cheque vs At Par Cheque.
  • Check clearance systems: MICR Cheque vs OCR
  • IFSC code, cheque truncation system (CTS) of NPCi and its CTS-2010 standard chequebooks.

Cheque Truncation
Youtube Link: http://youtu.be/INxNZK8MwJ12

BES171/Banking Transaction#2: CBS, E-Kuber, NEFT, RTGS, ECS, NACH, White Label ATM, Rupay & EMV Cards

  • Core banking solutions softwares: Finacle, BanCS, E-Kuber.
  • Classification of digital payment systems: mechanisms of Immediate Payment Service (IMPS), Real Time Gross settlement (RTGS), National Electronic Fund Transfer (NEFT), National Electronic Clearing Service (NECS) , National Automated Clearing House (NACH), Cards system. How do they work? What are their benefits and limitations?
  • Classification of Digital payment service providers as per RBI licenses.
  • What is White label ATM? What software is used in ATM machine? Recalibration of ATM machines post Demonetization by SS Mundra Taskforce.
  • What is micro-ATM?
  • What is payment gateway? Why do we need MasterCard, Visa, American Express or RuPay network?
  • Various types of credit cards and debit cards
  • Technology behind card payment: magnetic strip, EMV chip, RFID and NFC: their range, benefits and limitations
  • What is 3d secure technology in card payment and online shopping?

NEFT RTGS ECS NACH E-Banking
Youtube Link: http://youtu.be/INxNZK8MwJ13

BES171/Banking Transaction#3: BHIM, UPI, IMPS, USSD, NPCi & Mobile Banking

  • Understanding USSD, UPI and BHIM- Bharat interface for money by National payment Corporation of India.
  • Use of application programming interface (API) in delivery of public services.
  • Indiastack API, ispirit thinktank and development of BHIM.
  • Recommendations by Ratan Watal committee for further innovation and competition in digital payment services.
  • Next Lecture: challenges and reforms for adoption of digital payment in India, with Mains answer writing practice.

BHIM UPI IMPS USSD Mobile Banking
Youtube Link: http://youtu.be/INxNZK8MwJ14

from now on, all Powerpoint available at http://mrunal.org/powerpoint

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  6. Word Power made Easy -Norman Lowe
  7. Topic wise Solved Paperset by Disha

24 Comments on “[BES171] Banking Transactions: E-Banking & M-Banking: BHIM-UPI-IMPS-USSD; NEFT-RTGS-ECS; Types of Cheques, Cards & ATMs, Core Banking E-Kuber, Finacle, BanCS & More”

  1. Thank You Mrunal Sir!!!

  2. Thank you very much, Sir!

  3. great sir … awesome ppts …thank you so much mrunal sir ..\,,/

  4. Mrunal Sir,
    Please Provide lectures for Ancient and Medieval India.
    Only this Subject is not covered by you….Please forward this to Pratik Nayar Sir.
    Thanks & Regards

    1. Yes. Medieval India is tricky and huge in terms of syllabus. Plz make videos on Medieval India too.

  5. Great work….sir …thanks

  6. Thank you much Sir!

    Please Provide new lectures for Geography plssssss.

  7. you are simply awsome!!! no one does charity in this world anymore. hope we all can learn from you. it is also fair if you put some justified amount for your lectures, we will pay coz they are pure gold.
    kindely find other faculty for other subjects as brillient as you.

  8. sir should i go through ur previous videos first ?
    i am a first timer.
    help please
    .
    thanks

  9. Please Provide lectures for Ancient and Medieval India.

  10. Thank you very much Mrunal sir!!!!!1

  11. Sir,
    we are all thankful to you for your generous efforts, sir im a new student and currently doing your “L series lectures” but now i’am a bit confused that will you recover all the aspects discussed previously as you have did till now in “BES” or only Economic survey and budget will be discussed, so that we group of students can decide that weather to cover previous series or not……this is a genuine enquiry sir please repond.

  12. Sir I requested u to prepare some test series for csat2017pre

  13. Hi Mrunal Ji
    Please share the key for APFO exam!!

  14. Sir, please cover Monetary policy stance (Accommodative, neutral) also in whichever lecture you will deal with Monetary policy.

  15. Thank you so much sir….
    Mrunal Sir, Please Provide lectures for Ancient and Medieval India.

  16. mrunal sir plz provide us video for ancient and medieval history..

  17. ANALYSE THE EPFO QUESTION PAPER

  18. waiting for your videos on the other pillars that you have mentioned.

  19. COMPLETE THE ECONOMIC SURVEY VIDEOS!

  20. Thanks sir jio……

  21. hi i am gendalal merant i scored 117 in sc category . applied for chemical analyst…plz all share your marjs….and itne marks pr kitne chances he…? mp vyapam 2017 exam

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