BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The maximum validity period of Baroda Reloadable EMV chip card is months from the date of issuance or date of expiry mentioned on card, whichever is earlier.
A
12
B
18
C
24
D
36
Explanation: 

Detailed explanation-1: -Cards are valid for maximum period of 36 months from the date of issuance or date of expiry mentioned on card, whichever is earlier. The card can also be reloaded multiple number of times (within the maximum limit).

Detailed explanation-2: -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-3: -Usage validity is set by the Cardholder during generation of Virtual Card. The usage validity can be within the default expiry of 5 years. The minimum card usage validity will be 6 months from the month of virtual debit card issuance.

Detailed explanation-4: -What is the validity of the Gift card? The validity of the card is 1 year from the data of issue or “Valid Upto” as printed on the card whichever is earlier.

Detailed explanation-5: -RuPay Select DI Debit Card : Features RuPay Select Debit card comes with higher limits at ATM cash withdrawal and POS/E-com transactions. Daily cash withdrawal Rs. 1, 50, 000 from ATM. Daily POS/E-commerce transactions Up to Rs 5, 00, 000. RuPay Select Debit card comes with multiple features.

There is 1 question to complete.