BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much amount can transfer money from____to____from designated IMO Post Offices.
A
Rs 5, 000 to Rs 1, 00, 000
B
Rs 1, 000 to Rs 50, 000
C
Rs 10, 000 to Rs 1, 50, 000
D
Rs 100 to Rs 10, 000
Explanation: 

Detailed explanation-1: -IPPB also offers RTGS facility for high-value transactions; above Rs. 2 lakhs. Customers can transfer and receive money via RTGS, using their account number and IFSC code. RTGS services can be availed using IPPB’s Mobile banking app. These services are also available at selected access points (post offices).

Detailed explanation-2: -This is a domestic money transfer facility through post office. Money send through money order is paid at the door-step of the payee and this service is available in all post offices . Maximum amount which can be remitted through a single money order is Rs. 5000/-.

Detailed explanation-3: -Usually, money is deposited into the receiver’s bank account within one or two working days.

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