Q55: What is the "positive confirmation" feature in the Real Time Gross Settlement (RTGS) system?

An acknowledgement message from the beneficiary bank to the remitter bank, incorporating the date and time of credit

A notification sent to the RBI confirming the transaction has been initiated

A pre-authorization check to confirm the beneficiary's account balance

An automated message from the Central System confirming receipt of the transaction

✅ Correct Answer: A

"Positive confirmation" is a feature where the beneficiary's bank sends an acknowledgement message to the remitter's bank confirming the credit.

This feature enhances transparency and trust, as described in the RBI's Payment Systems Report - June 2025.

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