GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Personal identification number (PIN), allotted by the bank while issuing ATM /Debit card/credit card
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ATM card or debit card/credit card (if compatible with the ATM function)
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Both (a) and (b)
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Smartphone
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Detailed explanation-1: -PIN is the numeric password which is separately mailed / handed over to the customer by the bank while issuing a debit card. Having a debit card PIN is a must, because that’s the only security code used when you are carrying out bank ATM transactions.
Detailed explanation-2: -These conditions are: # You should be a citizen of India. # You should be 18 years and above. # In the case of minors, the parents or legal guardian of the minor can open the account on their behalf.
Detailed explanation-3: -ATM includes features like transferring funds between banks, receiving account balances, changing a pin, depositing cash, withdrawing money and performing a range of other features. ATM makes the process of withdrawing money very hassle-free. One can perform a few services without going to the bank every time.