GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is correct statement in respect of debit cards :-
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This facility is not extended to cash credit/loan account holders
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Debit card facility is provided to those having savings bank account/current account accounts of individuals, firms and cooperates
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Both (a) and (b)
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Debit card is issued to all the persons who visit the branch
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Explanation:
Detailed explanation-1: -Service of providing 45 days credit is given to the card holder is not a salient feature of debit card. It is a feature of credit card.
Detailed explanation-2: -Debit card is electronic generated card that acts as plastic money at the time of buying goods and services. Debit card is used to withdraw money from your bank account either directly through ATMs in cash or at the time of doing payment for something.
There is 1 question to complete.