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 territory
More Banking System in India Questions
- Sarfaesi action cannot be imposed if ____________.
- Determine the cash flow from operating activities during the year based on the following: Cash flow from investing activities: 105,000 Cash flow from finan...
- What is the primary purpose of the Indian Financial System Code (IFSC code) issued to International Banking Units (IBUs) as per the March 2024 IFSCA circul...
- What is the GDP growth of India for Q1, FY23 as published by National Statistical Organisation (NSO)?
- The asset size of a non-banking finance company should be _____________ or more in order for it to be identified as a systemically important NBFC.
- The limit to which a firm or company can withdraw from the sanctioned working capital limit is called:
- Funds flow statement is prepared to :
- As per the recently (Sep 2022) changed rules by SEBI any shareholder can use the OFS route as long as they are selling shares worth over __________.
- Sales Rs. 50,000; Variable cost Rs. 30,000; Net profit Rs. 6,000; fixed cost is_____.
- In the RBI’s Digital Payment Index, which has been regarded as the base period?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
