Question

What do ATMs set up, owned, and operated by non-banks commonly refer to?

A Blue Label ATMs Correct Answer Incorrect Answer
B Green Label ATMs Correct Answer Incorrect Answer
C Red Label ATMs Correct Answer Incorrect Answer
D White Label ATMs Correct Answer Incorrect Answer
E Yellow Label ATMs Correct Answer Incorrect Answer

Solution

White Label ATM: ATMs set up, owned, and operated by non-banks are called white label ATMs. They are authorized under the Payment and Settlement Systems Act, 2007, by the Reserve Bank of India.

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