Session - 386 What is Book Transfer ?
Book Transfer – within same bank in same country. Example – Transfer of amount from my saving account of HDFC to current account within HDFC or to a different beneficiary within
HDFC.
Blog - https://bankingpayments.blogspot.com/
Session - 386 What is Domestic Transfer ?
– Different bank in same country. Example – Transfer of amount from my saving account in ICICI to my friend account in another bank say IDFC bank in India.
Session - 386 What is Regional Transfer – Banks/schemes supporting payments within same and different countries. Example- SEPA SCT , EAPS (East Africa Payment System)
Session - 386 What is International Transfer – Banks use SWIFT network for transfer of messages and use Vostro/Nostro relationship. SWIFT messages in some countries are used for RTGS system messages like CHAPS in UK, CHATS in Hong Kong.
Banking Group- https://www.linkedin.com/groups/9809571/
Blog - https://bankingpayments.blogspot.com/
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