GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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BCSBI stands for:
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credit and debit cards
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recovery of bad loans
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cash collection from the parties
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opening and closing of accounts
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Explanation:
Detailed explanation-1: -Current accounts, savings accounts, term deposits, recurring deposits, PPF accounts and all other deposit accounts; b. Payment services such as pension, payment orders, remittances by way of Demand Drafts, wire transfers and all electronic transactions e.g. RTGS, NEFT; c.
Detailed explanation-2: -The Banking Codes and Standards Board of India (BCSBI) is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the “Code of Bank’s Commitment to Customers".
There is 1 question to complete.