GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash deposit
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Balance enquiry
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Cash withdrawal subject to a predetermined limit per day
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All of the above
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Detailed explanation-1: -You can withdraw money, check your balance, or even transfer funds. Different banks provide their ATM services by installing cash machines in different parts of the country. You can withdraw money from any of these machines irrespective of whether or not you are an account holder in the same bank.
Detailed explanation-2: -These machines allow you to undergo self-serviced transactions without the help of an actual teller and without having to visit the bank branch. Automated teller machines or ATMs allow many transactions, including cash withdrawals, cash deposits, and fund transfers.
Detailed explanation-3: -Answer: Using an ATM, customers can access their bank deposit or credit accounts in order to make a variety of financial transactions, most notably cash withdrawals and balance checking, as well as transferring credit to and from mobile phones. ATMs can also be used to withdraw cash in a foreign country.
Detailed explanation-4: -Advancements of loans. Cheque payments. Discounting on bills of exchange. Collecting and paying the credit instruments. Guarantee by banks. Consultancy. Credit cards. Funds remittance. More items