Question
Which of the following conditions are true with regard
to issuance of debit cards by IBUs (international Banking Units) (i)           IBUs may issue Debit cards to their customers holding a Current or Savings account with them (ii)          Withdrawal of cash in IFSC, using Debit cards issued by IBUs, is not permitted (iii)         Withdrawal of cash using Debit cards issued by IBUs, in jurisdictions outside IFSC, is also not permitted (iv) Debit cards issued by IBUs to a person resident in India shall not be used for accessing funds (through whatever means) from the bank accounts, if any, held by such person in the domestic territorySolution
Conditions for issuing Debit card by IBUs i. IBUs may issue Debit cards to their customers holding a Current or Savings account with them. ii. Withdrawal of cash in IFSC, using Debit cards issued by IBUs, is not permitted. Withdrawal of cash using Debit cards issued by IBUs, in jurisdictions outside IFSC, is permitted subject to the rules and regulations of the said jurisdiction . iii. All other transactions including making online payments, undertaking PoS transactions, funds transfer etc. using Debit cards issued by IBUsis permitted. iv. Debit cards issued by IBUs to a person resident in India shall not be used for accessing funds (through whatever means) from the bank accounts, if any, held by such person in the domestic territory. v. IBUs shall ensure that transactions permitted to be undertaken through Debit cards issued to persons resident in India are compliant with the requirements of the Foreign Exchange Management Acr,1999
If the price of an article is decreased by 20% and then the new price is increased by 25%, then what is the net change in the price?
There are two containers X and Y. X contains 100 ml of milk and Y contains 100 ml of water. 20 ml of milk from X is transferred to V. After mixing well...
From January 1, 2021, the price of petrol (in Rupees per litre) on m' day of the year is 80 + 0-1m, where m = 1, 2, 3, …., 100 and thereafter remains...
There are 6 persons arranged in a row. Another person has to shake hands with 3 of them so that he should not shake hands with two consecutive persons....
A student appeared in 6 papers. The maximum marks are the same for each paper. His marks in these papers are in the proportion of 5 : 6: 7: 8: 9 : 10. ...
On one side of a 1-01 km long road, 101 plants are planted at equal distance from each other. What is the total distance between 5 consecutive plants?
Which number amongst 240, 321, 418 and 812 is the smallest?
There are two Classes A and B having 25 and 30 students respectively. In Class-A the highest score is 21 and lowest score is 17. In Class-B the highest...
Which one of the following habits is found more often in good people ?
