BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Baroda
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ICICI Bank
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AU Small Finance Bank
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Airtel Payments Bank
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Detailed explanation-1: -Airtel Payment Bank, India’s first payments bank, has announced that its customers can now make card-less cash withdrawals at over 100, 000 ATMs across India.
Detailed explanation-2: -RBL Bank has launched a cardless cash withdrawal facility from ATMs, leveraging the Instant Money Transfer (IMT) system.
Detailed explanation-3: -In April 2022, the Reserve Bank of India (RBI) announced cardless cash withdrawals at ATMs bringing the country under a Unified Payment Interface (UPI). This move has allowed cardless cash withdrawal from smartphones giving users the freedom to pay and transact without having to deal with cash at all.
Detailed explanation-4: -ICICI Bank, one of the leading private sector banks has introduced a cardless cash withdrawals facility from its ATMs. Banks have been trying to reduce the usage of debit cards to withdraw cash.
Detailed explanation-5: -They can now make instant cash withdrawals and check their account balance using their debit card of any bank at the designated banking point. A customer can withdraw up to Rs 10, 000 per transaction through the Micro ATMs.