Bank Payment Systems

Paper-based Payments:

• Cheques 

• Drafts

Electronic Payments:

• Electronic Funds Transfer (EFT)

• National Electronic Funds Transfer (NEFT)

• Real Time Gross Settlement (RTGS)

• Electronic Clearing Service (ECS) Credit

• Regional ECS (RECS)

• Electronic Clearing Service (ECS) Debit

• Clearing Corporation of India Limited (CCIL)

Other Payment Systems:

• Mobile Banking System

• Pre-paid Payment Systems

• ATMs / Point of Sale (POS) Terminals / Online Transactions