Question

    Which bank has  recently announced a new way to

    withdraw cash via the Unified Payments Interface (UPI) in all its ATMs in order to protect people from cloning, impersonation and fraud?
    A Canara Bank Correct Answer Incorrect Answer
    B Punjab National Bank Correct Answer Incorrect Answer
    C Union Bank of India Correct Answer Incorrect Answer
    D Bank of Baroda Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Bank of Baroda (BoB) recently announced a new way to withdraw cash via the Unified Payments Interface (UPI) in all its ATMs. The new facility aims to protect people from cloning, impersonation and fraud. It generates a unique QR code for every transaction. With ATM UPI service, customers can avail of only two transactions per day per account, and at a limit of ₹5,000.

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