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 all the digits of the number ‘564639742’ are written in decreasing order from the right end, then what is the sum of second and fifth digit from the...
How many pairs of letters are there in the word "ASSURANCE" which has as many letters between them (both forward and backward) in the word as in the En...
If each vowel of the word ‘FRIGHTENED’ is changed to the next alphabet as per English alphabetical series and each consonant is changed to previous ...
If all the letters of the word ‘HEALTHIER’ are arranged in alphabetical order from left to right, then which among the following is the third letter...
Which of the following letter will be 7th letter from the right end if the letters of the word “CLAVULANATE” are arranged in reverse alphabetical or...
If the consonants of the following words are arranged first, followed by the vowels as per the English alphabetical order and then the consonants are ch...
If in the number '647315368', 1 added to all the odd numbers, then what is the sum of the digits which are repeating more than two times in the new numb...
If the letters at even positions are replaced by succeeding letter in the word “CONNECTIONS” then how many letters are there in English alphabetica...
If it is possible to make a meaningful English word from the 1st, 3rd , 8th and 12th letter of the word ‘...
If the positions of the first and fifth digits of the number ' 83591427' are interchanged, similarly the positions of the second and the sixth digits ar...
Relevant for Exams:
