BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12
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6
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3
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10
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Detailed explanation-1: -Hard Blocking: After 12 attempts of wrong pin in a MONTH debit card will be blocked permanently.
Detailed explanation-2: -There is a temporary card block for a day when you make 3 attempts of entering the incorrect PIN. ATM cards are active/usable automatically after 24 hours.
Detailed explanation-3: -If you’ve just blocked your card’s chip after 3 wrong attempts to use your PIN, you have two options: Go to an ATM from a major bank, and you should be able to see a new ‘PIN Unlock’ option or you can otherwise view your remaining amount. Third option would be to withdraw cash.
Detailed explanation-4: -PIN: The PIN is used for cash withdrawals and balance enquiry at ATMs as also for making payments at some of the MEs. The PIN should be safeguarded carefully. Usage of wrong PIN three times would invalidate the Card for the rest of the day. The Bank bears no liability for unauthorised use of the Card.
Detailed explanation-5: -If you have entered your PIN incorrectly 3 times in a row, it will automatically block the card and stop anyone from using it as a security measure. In order to unblock your card, follow these steps: Put your card into an ATM.