BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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100
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50
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55
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NIL
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Detailed explanation-1: -There is no issuance and revalidation charges for Baroda Virtual Gift Card.
Detailed explanation-2: -Open loop prepaid cards – such as Visa and Mastercard gift cards – can charge a fee for each use. Normally this only applies if the card is not used for 12 months. Before you buy, check the terms for any extra charges. Most other gift cards for specific stores, restaurants and online retailers have low or zero fees.
Detailed explanation-3: -Yes, one-time issuance charge is Rs. 25 (inclusive of GST). However, there is no charges on re-issuance of the card.
Detailed explanation-4: -For instance, the card issuer cannot charge a dormancy or inactivity fee on a gift card unless there has been no activity for one year and the card clearly states its policy toward that fee. In addition, some states have separate laws that provide added protection in certain circumstances.