SBI asked its customers to switch to uline{1cm} cards.

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

SBI asked its customers to switch to _________ cards.

A	ATM
B	PIN
C	EVM
D	MAC

Explanation:

Detailed explanation-1: -One of the most notable changes effective from February 2022 is that SBI has increased the limit on its IMPS (Immediate Payment Service) transactions. Thus, this change enables SBI account holders to make transactions of up to Rs 5 lakh, instead of Rs 2 lakh.

Detailed explanation-2: -To activate e-Commerce functionality send sms “swon ecom nnnn” (nnnn is last four digits of the card eg., 0647) to 09223966666 / use onlinesbi.Com / e-services / atm card services / atm card limit / channel / usage change.

Detailed explanation-3: -Starting February 1, 2022, which is next month, the bank is set to undergo a change in its operations regarding online transactions including IMPS, NEFT and RTGS. The SBI has also increased limit on its IMPS (Immediate Payment Service) transactions.

Detailed explanation-4: -According to the bank, the new rule is implemented only on withdrawals of Rs 10, 000 and above. While withdrawing, customers have to enter the OTP along with the debit card PIN.-The OTP will be a four-digit number that the customer will get for a single transaction.

There is 1 question to complete.