BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“Set Debit Card PIN” service option can be availed through BOB WORLD application how many times in a day.
A
4 times in a day.
B
3 times in a day.
C
2 times in a day.
D
1 times in a day.
Explanation: 

Detailed explanation-1: -PIN: The PIN is used for cash withdrawals and balance enquiry at ATMs as also for making payments at some of the MEs. The PIN should be safeguarded carefully. Usage of wrong PIN three times would invalidate the Card for the rest of the day. The Bank bears no liability for unauthorised use of the Card.

Detailed explanation-2: -As per RBI guidelines, only three attempts are given for feeding debit card PIN at an ATM during cash removal. If your attempts are exceeded, then your card will be automatically blocked.

Detailed explanation-3: -Step 5: Choose the Debit Card for which you want to change the PIN and click the ‘Continue’ button. Step 6: You will receive an OTP on your registered BoB mobile number. Enter the received OTP and then click the Validate OTP button. Step 7: Enter your preferred new Debit Card / ATM Pin.

There is 1 question to complete.