BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is transaction limit in a day for Corporate user in Baroda Connect?
A
25 Lac
B
50 Lac
C
75 Lac
D
100 Lac
Explanation: 

Detailed explanation-1: -Corporate customer can perform interbank transfer for multiple beneficiaries with single attempt. 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.

Detailed explanation-2: -For IMPS, the transaction limit set by the Bank of Baroda is Rs. 50, 000 per day and Rs. 2.5 lakhs per month.

Detailed explanation-3: -Usually, the maximum limit for such transactions is Rs. 1 lakh but this varies from account holder to account holder. Details required to pay credit card bill through NEFT: IFSC Code-BARB0COLABA.

Detailed explanation-4: -You may reach a daily limit if: You try to send more than ₹1, 00, 000 in one day across all UPI apps.

There is 1 question to complete.