Banks allow some important customers to withdraw without clear credit balance. Such facility is known as:

Related MCQs

• With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country             
• Which of the following types of banks are NOT allowed to provide credit facilities to their customers?
• Kisan Credit Card (KCC) scheme introduced in ……………… has emerged as an innovative credit delivery mechanism to meet the credit requirements of the farmers in a timely and hassle – free manner.
• Banks fix separate cash limit and overall spending limit for each credit card. What is the disadvantage in withdrawing cash on credit cards?
• Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
• Banks have started opening bio-metric ATMs now. Such ATMs will prove most beneficial for which of the following categories of customers ?
• Which bank launched home loan overdraft facility for salaried customers?
• If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the-
• Commercial banks provide locker facility to their customer for .
• Which of the following banks recently launched ―Smart vault‖ digital locker facility?