BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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min 5/-, max 10, 000/-
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min 10/-, max 1, 00, 000
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min 100, max 50, 000
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min 10/-, max 10, 000/-
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Detailed explanation-1: -BHIM Aadhaar Pay App user who has declared himself/herself as Merchant and is receiving payments via BHIM Aadhaar app will be eligible for an Incentive of 0.5% of the transaction value with minimum incentive as Rs. 2 and upper cap of Rs. 50 per Transaction. Maximum transaction limit is Rs10, 000/-only.
Detailed explanation-2: -RBI has set no limit for transactions made through AePS. However, some banks have established a daily limit of a maximum of Rs. 50, 000 on total transactions.
Detailed explanation-3: -Transaction Limits: Maximum of Rs. 10, 000 per transaction and Rs. 20, 000 within 24 hours. The limit for USSD has currently been set at ₹5, 000 per day.
Detailed explanation-4: -The daily limit for BHIM app transaction is ₹40, 000. If you want to transfer more than ₹40 thousand, wait for the date change. This limit is applicable to your bank account. So, if you have linked more than one account with your BHIM app, you can use another account for sending the excess amount.