Multiple Choice Questions on The Reserve Bank of India RBI plans to introduce the ICCW facility using UPI across all bank ATMs in........... for IBPS RRB - Officers Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    The Reserve Bank of India (RBI) plans to introduce the ICCW facility using UPI across all bank ATMs in India. What is the meaning of the second C in ICCW?

    This questions was previously asked in
    RRB Officer Scale-I Mains (1st Oct 2022)

    Card 

    Incorrect Answer

    Cardless

    Incorrect Answer

    Cashless

    Incorrect Answer

    Credit 

    Incorrect Answer

    Cash

    Correct Answer
    Explanation:

    The correct answer is Cash.
    • The Reserve Bank of India (RBI) plans to introduce an interoperable card-less cash withdrawal (ICCW) facility using UPI across all bank ATMs in India.
    • The withdrawal limits for ICCW transactions will be in-line with the limits for regular on-us/off-us ATM withdrawals.


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