Banking Exam Question - What is Inter-Bank Transaction & Inter-Branch Transaction? Explain in Brief.

Intro - Inter Bank Transaction & Inter Branch Transaction

The inter bank transaction is an imperative section of the outside trade showcase. It is a discount advertise through which most money exchanges are diverted. It is chiefly utilized for exchanging among investors. 

An exchange that happens in a branch of your bank may include accounts that are kept up in another branch. For instance, a client has a record in the Head Office branch and methodologies another branch of the bank for a money withdrawal. For every mix of branches that might be associated with a between branch exchange, you can characterize the money and the separate client records to which the related bookkeeping passages will be posted. This course for all exchanges is characterized in the 'Bank parameters' screen. In the 'Between branch Parameters Maintenance' screen you characterize the inside records for sets of branches that would be engaged with any between branch bookkeeping.