In …………………..type of payment system customer is allowed to spend only up to the amount that have pre deposited into account.

Related MCQs

• In july 2020 which of the following payment bank has launched a “Bhavishya” saving account for minors?
• After how many years of successful operation Payment bank can be converted into small finance bank?
• Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
• Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
• An arrangement in which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money by way of periodical installments over a definite period and that each such subscriber shall, in his turn be entitled to the prize amount is called?
• In the Open System PPIs, the outstanding amount should not exceed______________ at any point.
• What is the deposit limit on saving accounts in the Payment banks?
• Which of these cannot be issued by payment bank?
• Which of these accounts can be opened in payment bank?
• Who headed the committee to evaluate the license applications for Payment Banks?