Which of the following is a type of electronic fund transfer service provided by banks in India?RTGSIFSCEMICIBIL

RTGS (Real Time Gross Settlement) and IFSC (Indian Financial System Code) are types of electronic fund transfer services provided by banks in India.

1. RTGS: This is a system where the processing of funds transfer instructions takes place at the time they are received (real time). Also, the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.

2. IFSC: This is an alphanumeric code that uniquely identifies a bank-branch participating in the two main electronic funds settlement systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) Systems. This code is used by electronic payment system applications such as RTGS, and NEFT. It is mandatory for fund transfers from one bank account to another.

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

CIBIL (Credit Information Bureau (India) Limited) is India’s first Credit Information Company or Credit Bureau. It maintains records of all credit-related activity of individuals and commercial entities including loans and credit cards.

So, the correct answer is RTGS and IFSC.