The role of banks as constituents of the payment system is as important as its role as the largest financial intermediary as far as its relevance to the economy is concerned.
The Various Products offered as a part of the payment services are :-
1. Cheques.
2. Pay Order ( PO) / Banker's Cheque.
3. Demand Drafts (DD).
4. Multi-City Cheques.
5. National Electronic Fund Transfer ( NEFT )/Real Time Gross Settlement ( RTGS).
6. Debit Cards.
7. Credit Cards.
8. Travel Cards.
The Various Products offered as a part of the payment services are :-
1. Cheques.
2. Pay Order ( PO) / Banker's Cheque.
3. Demand Drafts (DD).
4. Multi-City Cheques.
5. National Electronic Fund Transfer ( NEFT )/Real Time Gross Settlement ( RTGS).
6. Debit Cards.
7. Credit Cards.
8. Travel Cards.
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