BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has tied up with PFG Forex for remittance facility for the benefit of Indian expatriates from Australia recently?
A
Punjab National Bank
B
Bank of Baroda
C
State Bank of India
D
South Indian Bank
Explanation: 

Detailed explanation-1: -ICICI Bank has a vast network of correspondent banks through which money can be credited to any bank account in India. No matter where you are in the world, just issue Wire Transfer instructions to your local bank and money can be credited to any ICICI Bank or Non-ICICI Bank in India within 1-2 working days.

Detailed explanation-2: -Ledger Folio Charges at Rs. 20/-per folio will be charged in current / cash credit / OD accounts in the case of CBS branches. For accounts maintained on computers 40 entries or part thereof be treated as one ledger folio.

Detailed explanation-3: -The most common way to receive money from overseas is via bank deposit, which takes place when the sender of a currency transfer makes a bank wire from their bank account to yours.

Detailed explanation-4: -Select the option Register IMPS beneficiary from the main menu. Enter the nick name, account number and IFS Code of the beneficiary. Enter MPIN and click on Register. Verify the details entered and click Confirm.

There is 1 question to complete.