New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    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.

    Practice Next