BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is Per Day fund transfer limit in bob World for Third party Transfer?
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: -(a) Inward transactions – Free, no charge to be levied. (b) Outward transactions 2 lakh to 5 lakh not exceeding 30 per transaction; Above 5 lakh – not exceeding 55 per transaction.

Detailed explanation-3: -Within the banking industry, a third party transfer is a type of transaction that involves making out and depositing a payment into the account of a party other than the individual or entity who received the payment.

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