BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Bank has launched an overdraft (OD) facility for micro and small enterprise (MSE) customers across its branches nationally?
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City Bank
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Ujjivan Small Finance Bank
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Airtel Payments Bank
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State Bank of India
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Explanation:
Detailed explanation-1: -New Delhi: Ujjivan Small Finance Bank, a wholly owned subsidiary of Ujjivan Financial Services Limited, has launched Overdraft (OD) facility for Micro and Small Enterprises (MSE) customers across all bank branches nationally.
Detailed explanation-2: -Secure Enterprise Loan Loan amount range: ₹ 10.10 Lakhs-₹ 100 Lakhs.
Detailed explanation-3: -Disbursement : Overdraft account will be opened in the internet banking itself and withdrawal/transfer of fund from this account can be made either through internet banking facility or Cheques. Please note that, request for Cheque book has to be placed separately by you through internet banking facility.
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