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  2. National Electronic Funds Transfer - Wikipedia

    en.wikipedia.org/wiki/National_Electronic_Funds...

    NEFT enables bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis. It is done via electronic messages. Unlike real-time gross settlement, fund transfers through the NEFT system do not occur in real-time basis. Previously, NEFT system settled fund transfers in hourly batches with 23 ...

  3. Indian Financial System Code - Wikipedia

    en.wikipedia.org/wiki/Indian_Financial_System_Code

    The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.

  4. List of computing and IT abbreviations - Wikipedia

    en.wikipedia.org/wiki/List_of_computing_and_IT...

    2NF—second normal form; 3GL—third-generation programming language; 3GPP—3rd Generation Partnership Project – 3G comms; 3GPP2—3rd Generation Partnership Project 2; 3NF—third normal form; 386—Intel 80386 processor; 486—Intel 80486 processor; 4B5BLF—4-bit 5-bit local fiber; 4GL—fourth-generation programming language; 4NF ...

  5. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    For being part of the NEFT funds transfer network, a bank branch has to be NEFT-enabled. NEFT has gained popularity due to it saving on time and the ease with which the transactions can be concluded. As at 31 January 2011, 74,680 branches or offices of 101 banks in the country (out of around 82,400 bank branches) were NEFT-enabled.

  6. Immediate Payment Service - Wikipedia

    en.wikipedia.org/wiki/Immediate_Payment_Service

    Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...

  7. Structured Financial Messaging System - Wikipedia

    en.wikipedia.org/wiki/Structured_Financial...

    The intra-bank part of SFMS is used by banks to take full advantage of the secure messaging facility it provides. [citation needed] The inter-bank messaging part is used by applications like electronic funds transfer (EFT), real time gross settlement systems (RTGS), delivery versus payments (DVP), centralised funds management systems (CFMS) and ...

  8. Computer architecture - Wikipedia

    en.wikipedia.org/wiki/Computer_architecture

    The first documented computer architecture was in the correspondence between Charles Babbage and Ada Lovelace, describing the analytical engine.While building the computer Z1 in 1936, Konrad Zuse described in two patent applications for his future projects that machine instructions could be stored in the same storage used for data, i.e., the stored-program concept.

  9. Life Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Life_Insurance_Corporation

    The "LIC's Bima Sakhi Yojana" [28] scheme is a significant program introduced by the Life Insurance Corporation of India (LIC) under the guidance of the Government of India. [29] The scheme was officially inaugurated by Prime Minister Narendra Modi [30] [31] [32] on December 9, 2024, in Panipat, Haryana. The program aims to empower women by ...