Bank-PO (NRA) General-Awareness: Questions 1 of 1461
Appeared in Year: 2014
Question MCQ▾
Which among the following banks in India has recently launched ‘Cardless Cash Withdrawal’ at ATMs facility?
Choices
Choice (4) | Response | |
---|---|---|
a. | ICICI | |
b. | Kotak Mahindra | |
c. | Axis bank | |
d. | HDFC bank |
Answer
a.
Explanation
ICICI bank in India has recently launched ‘Cardless Cash Withdrawal’ at ATMs facility. Under the facility, an account holder can transfer money to a mobile phone even without the latter having an account with any bank.
Process:
- ICICI Bank savings account customer (sender) logs into the Internet banking.
- Register the recipient՚s name, mobile number and address.
- The sender receives a 4-digit verification code
- The recipient receives a 6-digit reference code, over SMS on his mobile.
- The recipient can now go and withdraw cash from any ICICI Bank ATM by entering the mobile number, cash amount along with the verification and reference code, within 2 days of the transaction.
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