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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
______________ is featured on the reverse side of 200 rupee note?
Which of the Following is the Housing Development Bank of India?
Which of the following is true about the Debit Card of the Banks?
I. By Automated Teller Machine customers can deposit or withdraw money fro...
The first RRB was set up at
Which one of the following pillars addresses risk as per Basel Il norms.
BIFR stands for
Which of the following formulates the Fiscal policy in India?
Minimum amount of Certificate of Deposit is
Which committee was established to form Nabard?
Credit risk is _____________.