2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank oF India
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Karnataka Bank
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Bank of Baroda
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Dena bank
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Detailed explanation-1: -IFFCO, the world’s largest fertiliser cooperative, in collaboration with Bank of Baroda launched its co-branded debit card for farmers at a card distribution ceremony organized at their corporate office in New Delhi.
Detailed explanation-2: -IFFCO and Bank of Baroda had signed an MoU in February, 2017 to create the co-branded debit cards for farmers. The card will help farmers buy agri-inputs through a convenient cashless transaction mechanism, thus providing further boost to PM Narendra Modi’s Digital India programme.
Detailed explanation-3: -In India, ATM was introduced by HSBC Bank in 1987.
Detailed explanation-4: -IDFC First Bank has introduced a sticker-based debit card, called FIRSTAP. The launch is in association with the National Payments Corporation of India (NPCI). The FIRSTAP is launched to facilitate transactions by simply tapping the sticker on a Near Field Communication (NFC) enabled point-of-sale terminal.
Detailed explanation-5: -The Beginning of Debit Cards In India, the first ATM was introduced in 1987.