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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Reserve bank of India
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Canara Bank
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Bank of Baroda
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Detailed explanation-1: -Debit Card A form of payment in which a plastic card is used to deduct money directly from a checking account to cover the cost of a purchase. Purchases can typically be made with a PIN or an authorized signature. Debit cards are also used to withdraw funds from an ATM.
Detailed explanation-2: -Online transfer using NEFT or RTGS is comparatively faster than cheque or DD. Online transfer can be done from anywhere using internet facility. Credit card or debit card is another cashless payment method. The usage of credit card and debit card was limited in India.
Detailed explanation-3: -Merchant Outlet – Spending limit for point of sale (POS) at physical stores. 2. ATM Withdrawal – Cash withdrawal limit when using your credit card at an ATM. 3.
Detailed explanation-4: -A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term plastic card includes the above and as an identity document.