CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the maximum limit of Aadhaar-enabled cash withdrawal transactions, per customer, per terminal per day, as per NPCI?
A
Three
B
Five
C
Two
D
Seven
Explanation: 

Detailed explanation-1: -It states that the maximum limit of five Aadhaar enabled cash withdrawal transactions, per customer, per terminal per day. The issuers will also implement a limit of a minimum of five mini statement transactions per customer per month.

Detailed explanation-2: -What is the maximum amount of money you can withdraw from AePS? The maximum cash withdrawal limit from AePS is ₹ 10,000 per transaction. AePS transactions have grown in popularity, especially after the outbreak of the pandemic.

Detailed explanation-3: -Cash Withdrawals at ATMs : Up to Rs. 25,000/- per day with per transaction limit of Rs.15000/- PoS Transactions: Up to Rs. 60,000/- per day.

Detailed explanation-4: -There is no set limit for transactions made through AEPS. However, certain banks have capped the transaction limit to avoid misuse of this system. Various banks have set a daily limit of ₹50,000 on total transactions.

Detailed explanation-5: -IPPB AePS service charges For AePS cash withdrawal and deposit transactions, IPPB will charge a service fee of ₹20 plus GST per transaction if the free limit exceeds. For AePS mini statement, IPPB will impose a service charge of ₹5 plus GST per transaction if the free limit exceeds.

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