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As we know today private, public and foreign banks issues ATM to his customers. ATM is now 24 hour banking service provider. Customer use ATM not only to withdraw cash from machine but also to make shopping on various sites. Some banks offer additional facilities on ATM card i.e Accidental cover and some give a facility to withdraw money beyond the limit. It has changed the banking scenario globally, today a person who don't have money in a foreign country can withdraw money from ATM.
Answer the following questions on ATM/Debit card
1. Max cash withdrawal limit for POS?
a. Rs.2000/- in one transaction
b. Rs.2000/- can be withdrawn daily
c. Rs.5000/- in one transaction
d. Rs.5000/- can be withdrawn daily
2. Max withdrawal on other bank's ATM in one transaction?
a. Rs 5,000/-
b. Rs 10,000/-
c. Rs 15,000/-
d. Rs 20,000/-
3. Max free allowed limit in a month on other banks ATM Machine?
a. 2
b. 3
c. 5
d. 10
4. Max free allowed limit in a month on other banks ATM Machine located in the six metro centres?
a. 2
b. 3
c. 5
d. 10
5. The bank promote using of ATM because ......
a. to reduce staffs
b. to earn commission
c. to avoid customers at banks
d. to Reduce human cost on small payments
Ans
1-b, 2-b, 3-c, 4-b, 5-d
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