GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ATM cards are issued to a person who maintains any of following accounts with the bank -
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Current Accounts
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Savings Bank Accounts
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Both (a) and (b)
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Loan or Cash Credit Accounts
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Explanation:
Detailed explanation-1: -ATM cards are known by a variety of names such as bank card, MAC (money access card), client card, key card or cash card, among others. Other payment cards, such as debit cards and credit cards can also function as ATM cards. Charge and proprietary cards cannot be used as ATM cards.
Detailed explanation-2: -Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others. Savings account. Salary account. Fixed deposit account. Recurring deposit account. NRI accounts.
There is 1 question to complete.