BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the cooling period of beneficiary registration for NEFT/IMPS in BOB World:
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24 hrs
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4hrs
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No cooling period
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2 hrs
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Explanation:
Detailed explanation-1: -The cooling period for this limit is 24 hours. After 24 hours, the transaction limits will be relaxed to the normal transaction limits as mentioned above.
Detailed explanation-2: -This registration process is one time activity. Beneficiaries are confirmed immediately at the time of registeration using OTP and funds can be transferred after cooling period of 24 hours.
Detailed explanation-3: -Your new beneficiary account will be activated within 24 hours. After that you can transfer money.
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