BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Under the NPCI’s RuPay Insurance Program for financial year 2022-23, what is the sum insured for RuPay Select Cards?
A
Rs. 1.00 Lacs
B
Rs. 2.00 Lacs
C
Rs. 5.00 Lacs
D
Rs. 10.00 Lacs
Explanation: 

Detailed explanation-1: -What is the available sum insured under this insurance cover? Ans. Sum Insured of Rs 1 lakh for RuPay Classic card holders and Rs 2 Lakh for RuPay Platinum card holders.

Detailed explanation-2: -2.00 Lac on RuPay Platinum and Rs. 10.00 Lac on RuPay Select Credit card respectively. /ecommerce /Micro ATM/Business Correspondent of the bank at locations, within 45 days for RuPay Select and RuPay Platinum cards and 90 days for RuPay Classic card prior to the date of accident including accident date.

Detailed explanation-3: -RUPAY CARD AND ACCIDENTAL INSURANCE COVERAGE The bank account comes with a RuPay debit card with a built-in accidental cover of Rs 1 lakh. Rupay Debit Card-It is an indigenous domestic debit card introduced by National Payment Corporation of India (NPCI).

Detailed explanation-4: -Rupay classic contactless Card (NCMC) Usage limit of Rs.25000/-in ATM and Rs.25000/-in POS. Facility of contactless POS purchases up to Rs.5000/-.

Detailed explanation-5: -All supporting documents relating to the claim must be submitted within sixty (60) days from the date of intimation. 3. The eligible claims will be settled in ten (10) working days from the date of receiving the complete documents set.

There is 1 question to complete.