BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 hr
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4 hr
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48 hr
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24 hr
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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: -The activation of the beneficiary will be instant and cooling period of 4 days will not be applicable, if approved by the branch. You may also approve such beneficiaries without having to visit a branch by using IRATA. Can I schedule a transaction for a new beneficiary immediately upon activation?
Detailed explanation-3: -The cooling-off period allows you to cancel within 24 hours of booking and receive a full refund. Here’s what you need to know: The 24 hour cooling-off period will begin once a booking request has been accepted by the owner, or a quote paid for.
Detailed explanation-4: -What is a cooling period? 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.