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Closed System Payment Instruments: These are payment instruments issued by a person for facilitating the purchase of goods and services from him/it. These instruments do not permit cash withdrawal or redemption. Semi-Closed System Payment Instruments: These are payment instruments which can be used for purchase of goods and services, including financial services at a group of clearly identified merchant locations/ establishments. These instruments do not permit cash withdrawal or redemption by the holder. Open System Payment Instruments: These are payment instruments which can be used for purchase of goods and services, including financial services like funds transfer at any card accepting merchant locations (point of sale terminals) and also permit cash withdrawal at ATMs / BCs.
According to the RBI advisory, banks, non-banking financial companies (NBFCs), and other financial institutions like NABARD & SIDBI will not be able to ...
Which country became the first to import 40 megawatts of electricity from Nepal via India's power grid, as part of a trilateral agreement in 2024?
The Foreign Exchange Management Act was enacted in ___________________.
Which eminent Indian astrophysicist received the COSPAR Harrie Massey Award 2024?
What is the strike range of indigenously developed nuclear capable Prithvi-II missile?
Which word has been named the most notable word of 2023 by Collins Dictionary?
Who is one of the nominees for the 2023 men's World Athlete of the Year award?
_________ has entered into an agreement with Bigfoot Retail Solution Pvt Ltd (Shiprocket) to directly generate e-PBE (Postal Bill of Export) and shippin...
Which bank has been provided a relaxation of 3 years by the Reserve Bank of India to comply with the priority sector lending norms though no rela...
