GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which type of machine is used by Business Correspondents?
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POS
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Micro ATMs
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Solar empowered
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Biometric Card Reader
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Explanation:
Detailed explanation-1: -Ongo Mini-ATM or CashPOS is a facility using which debit cardholders can withdraw cash by swiping their debit/prepaid cards (issued in India) at POS Terminals at merchant locations.
Detailed explanation-2: -Business Correspondents and Business Facilitators (BCBF) course include representatives appointed by the banks to supply banking services and act as an agent in the respective locations where the bank will not have a presence so as to push money inclusion.
There is 1 question to complete.