BANKING GENERAL KNOWLEDGE
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Detailed explanation-1: -Reloadable in nature; The amount outstanding shall not exceed ₹2, 00, 000/-at any point of time; There are no limits prescribed for total credits or debits during a month; and. They can be used for purchase of goods and services, cash withdrawal and funds transfer.
Detailed explanation-2: -Minimum load amount is Rs. 100. Maximum amount permitted in a card at any point of time is Rs. 1, 00, 000.
Detailed explanation-3: -Recipients can use the card to buy what they want, when they want. Because it’s a prepaid card, spending is limited to the initial amount of money you place on the card at the time of purchase. Cards may be loaded with $10 (minimum)-$1, 000 (maximum).
Detailed explanation-4: -Reloadable Visa Prepaid Cards The all-purpose Visa Prepaid card is a reloadable card you can use in-person and online to: Pay bills. Add funds. Make purchases anywhere Visa Debit cards are accepted.