Start learning 50% faster. Sign in now
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
Who has been appointed as the New Lieutenant Governor of Delhi?
Polymer materials manufacturer, Covestro (India) unveiled the Food Security Platform.How does the Food Security Platform contribute to post-harvest proc...
Recently Zojila Day was observed at Zojila War Memorial to celebrate the instant action by Indian troops in ‘Operation Bison’ in 1948, the day was o...
Which of the following statements about Fundamental Duties in India is correct?
(I) They are described under Part V of the Indian Constitution.
A Three-day National Workshop on Localization of Sustainable Development Goals (LSDGs) in Gram Panchayats from 14 – 16 November was organized in which...
Which ancient city in Uttar Pradesh is associated with Gautama Buddha's first sermon?
Which city was awarded the title of “City of Literature” at the 16th annual UNESCO Creative Cities Network (UCCN) conference in Portugal?
Who has been designated as the new chief of Parliament security?
Which is the least populous state in India?
What force causes trade winds in the southern hemisphere to blow from southwest to northeast in India after crossing the equator?