BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NRO account
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NRE account
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Sukanya Samridhi Account
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Account holder having mode of operation as self or E or S
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Detailed explanation-1: -Who Can Use BHIM ? Any person who has a smartphone and a bank account can use BHIM to make transactions. However, you will need to have your mobile number registered with the bank and a debit card linked to that account. You can download the BHIM app from Play Store or Appstore.
Detailed explanation-2: -General Business Rules Governing BHIM Baroda Pay: The Facility will be available to customers having a satisfactory running Savings/Current account/Overdraft account with the any Bank live on UPI.
Detailed explanation-3: -The application supports all Indian banks which use UPI, which is built over the Immediate Payment Service (IMPS) infrastructure and allows the user to instantly transfer money between 170 member banks of any two parties. It can be used on all mobile devices.
Detailed explanation-4: -Is it possible to use the BHIM UPI without a bank account? Yes, it is possible to use the BHIM UPI without a bank account as there is no need for you to provide any kind of bank account details like account number or IFSC code.
Detailed explanation-5: -“Merchant” means a merchant accepting UPI based payments from its customers towards sale of goods and services by such merchant.