BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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04 Hours
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12 Hours
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24 Hours
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08 Hours
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Detailed explanation-1: -The cooling period for this limit is 24 hours. After 24 hours, the transaction limits will be relaxed to the normal transaction limits as mentioned above. Q: How secure is BHIM Baroda Pay UPI app.
Detailed explanation-2: -Your new beneficiary account will be activated within 24 hours. After that you can transfer money.
Detailed explanation-3: -The maximum that you can send is Rs. 2 lakhs using IMPS. When you initiate a fund transfer via IMPS, the initiator bank sends a message to IMPS, which debits the money and sends it to the beneficiary’s account.
Detailed explanation-4: -Cooling period is the time set by the bank during which fund transfer is not allowed to a newly added beneficiary. Once, the beneficiary is successfully registered by customers, activation of the same will take some time which called as cooling period.