Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.269)

269. 

Which bank has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000?

[A]. State Bank of India
[B]. ICICI Bank
[C]. Canara Bank
[D]. HDFC Bank

Answer: Option A

Explanation:

State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000. There is no change in the daily withdrawal limits on other cards. The new limit will be effective from October 31st 2018. The bank has been receiving many complaints regarding cloning and the decision is taken to reduce the withdrawal limit on these cards to check fraudulent transactions.

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