BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 10, 000
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Rs 50, 000
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Rs 30, 000
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Rs 1, 00, 000
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Detailed explanation-1: -Through AEPS, the customer can withdraw or deposit cash, make the balance enquiry, and transfer funds. The maximum amount of transaction per account per day is Rs. 50, 000.
Detailed explanation-2: -AePS Funds Transfer limit The RBI does not impose any restrictions on AePS transactions. However, some banks have imposed a daily limit of Rs. 50, 000 on the total number of transactions.
Detailed explanation-3: -There is no set limit for transactions made through AEPS. However, certain banks have capped the transaction limit to avoid misuse of this system. Various banks have set a daily limit of ₹50, 000 on total transactions.
Detailed explanation-4: -Cash withdrawal from micro ATMs of AePS has a limit of Rs 10, 000 per transaction. Transactions via AePS have become very popular, especially since the onset of the pandemic. A total of 9.6 crore transactions worth Rs 25, 860.92 crore took place through AePS in December 2021.
Detailed explanation-5: -Rs. 50000/-limit per day per customer(KYC) Or 5 transaction per day.