BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5000
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2000
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2500
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3500
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Detailed explanation-1: -50, 000 in a day. Simply wave/tap the card on the contactless Point of Sale (PoS) and pay without entering PIN for purchases upto Rs. 5000. NCMC Cards will support small value offline transactions till Rs.
Detailed explanation-2: -There isn’t a daily limit for contactless payments. However, from time to time, when you shop using contactless payments, you’ll need to put your card into the machine and enter your PIN to verify it’s you, before you can use contactless again. This is part of a new EU regulation to help prevent fraud.
Detailed explanation-3: -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-4: -Payment through the contactless mode is allowed for transactions up to ₹5, 000/-for a single transaction in India. For any transaction amount of more than ₹5, 000/-the customer will have to provide Debit Card PIN to authenticate the transaction.
Detailed explanation-5: -The BoB BPCL RuPay co-branded debit cardholders will further get an enhanced cash withdrawal facility of up to INR 50, 000 at ATMs.