Notes:
NEFT transfers funds in timed batches, while RTGS and IMPS are real-time transfer modes. NEFT stands for National Electronic Funds Transfer.

Notes:
Plastic money is the generic term for all types of bank cards, credit cards, debit cards, smart cards, etc.

Notes:
Cloud Computing is an on-demand delivery of compute, storage, applications, and other IT infrastructure with metered payment based on usage. Banks can scale and employ resources as needed and pay for what is used without large upfront capital investments. Thus, payments as per use is the key and basic feature of cloud computing. The fundamental difference between CC and traditional IT is that in the cloud model, banks pay only for the resources consumed instead of investing heavily on data centers and servers before using them.

Notes:
Cloud Computing applications are accessed by common Internet protocols and networking standards.