Banking General Awareness Modern Banking Question Bank Previous Years Questions - Modern Aspects of Banking

  • question_answer
    As per the notification issued by the banks, the "third party ATM usage" will now be restricted to certain withdrawals and limits only. What does it really mean?                  [Indian Bank 2010]
    (1) The ATM cardholders will not be able to withdraw from other banks' ATMs under any circumstances.
    (2) Customers of one bank may be able to withdraw only a limited amount from other banks' ATMs.
    (3) ATM card holders will have to pay a fee if they withdraw money from other banks' ATMs frequently.

    A)  Only (1)

    B)  Only (2)

    C)  Only (3)

    D)  Only (2) & (3)

    E)  Only (1) & (3)

    Correct Answer: D


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