BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
For non customers, BBPS facility can be availed in which of the following options?
A
bob World Internet
B
Baroda bob World
C
BHIM Baroda Pay
D
Baroda M-Clip
Explanation: 

Detailed explanation-1: -General Business Rules Governing BHIM Baroda Pay: The Facility will be available to customers having a satisfactory running Savings/Current account/Overdraft account with the any Bank live on UPI.

Detailed explanation-2: -They pay phone, electricity, gas and cable bills, school fees for their children, housing society maintenance fees, club membership fees, municipal taxes and many more such payments. With BBPS, all these payments can be made through a single interface!

Detailed explanation-3: -Bharat QR is a mobile payment solution that uses the P2M or the Person to Merchant mode using credit or debit cards. In addition to the Person to Merchant mode, BHIM UPI is much more dynamic and can be used in Person to Person mode. This is accomplished through the use of virtual payment addresses.

Detailed explanation-4: -It is a one-stop ecosystem for payment of all bills providing an interoperable and accessible “Anytime Anywhere” Bill payment service to all customers across India with certainty, reliability and safety of transactions.

There is 1 question to complete.