BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is fund transfer limit in BOB WORLD Third party Transfer per transaction?
A
200000
B
500000
C
1500000
D
50000
Explanation: 

Detailed explanation-1: -Transaction Limit: Rs. 30 Lakhs per transaction and Rs. 75 lakhs per day. Customer can apply for Debit Card and manage other card activities like: Set daily debit card limit for ATM transactions. Set daily debit card limits for PoS and Ecommerce transactions.

Detailed explanation-2: -2 lakhs is done through IMPS. If such transactions go into a pending state, as per NPCI guidelines, the funds would be either reversed or credited to receiver’s account within 24 hours failing which, our team would take this issue up with the receiver’s bank. In such cases reversal could take a maximum of 3 days. 5.

Detailed explanation-3: -Third Party Transfer is a feature that can be used to transfer funds from your current bank account to another account, within your current or any other bank. In banking language, Third Party Transfer is called as a credit-push system, which means transactions can be originated only to remit funds to a beneficiary.

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