BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Insurance Co. Ltd.
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The New India Assurance Co. Ltd.
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TATA AIG GeneralInsurance Co. Ltd.
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Cholamandlam General Insurance Co Ltd
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Detailed explanation-1: -Most credit cards come with zero liability policies that free their cardholders of responsibility for losses due to fraud. There are a few exceptions, but federal law limits the damage to $50 in any case. Debit cardholders are not as well protected by law.
Detailed explanation-2: -In any given fraudulent transaction, the financial services institution, the merchant, and the consumer are the primary casualties.
Detailed explanation-3: -Within 4-7 Days-Limiting liability of customers, RBI guidelines require customers to bear with the transaction amount or an amount within Rs 5000 upto Rs 25, 000, whichever is lower in case the unauthorised transaction complaint is made after 3 days and before 7 days.
Detailed explanation-4: -Issue of Debit Card Prior approval of the Reserve Bank is not necessary for banks desirous of issuing debit cards to their customers. b) Debit cards shall only be issued to customers having Savings Bank/Current Accounts. c) No bank shall issue debit cards to cash credit/loan account holders.