BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many beneficiaries a Corporate Customer can add in a day in Baroda Connect?
A
20
B
15
C
50
D
25
Explanation: 

Detailed explanation-1: -Online Transfer For security reasons, the bank allows you to transfer money up to INR 1, 00, 000/-only to the newly added beneficiary ( in full or parts ) during the first 24 hours from adding the new beneficiary.

Detailed explanation-2: -Corporate customer can perform interbank transfer for multiple beneficiaries with single attempt. Transaction Limit: Rs. 30 Lakhs per transaction and Rs. 75 lakhs per day. Customer can apply for Debit Card and manage other card activities like: Set daily debit card limit for ATM transactions.

Detailed explanation-3: -It will take a few minutes/hours for the bank to approve the beneficiary. You can transfer money through different types of funds such as RTGS, NEFT, IMPS after the bank approves your beneficiary.

There is 1 question to complete.