Recently a leading public sector bank of India has allowed withdrawal of upto Rs. 1000 from any shop/trader with a point-of-sale (PoS) terminal. Identify the bank from below :
[amp_mcq option1=”Bank of Maharashtra” option2=”Punjab National Bank” option3=”State Bank of India” option4=”Bank of Baroda” correct=”option3″]
This question was previously asked in
UPSC CAPF – 2014
– Amount limit: Up to Rs 1000 (at the time).
– Bank involved: State Bank of India (SBI).
– Purpose: Enhance financial inclusion, increase card usage, provide cash access in underserved areas.