Which of the following statements is/are correct with reference to the Reserve bank of India?
A. Recently RBI permitted cash withdrawal of Rs. 2,000 per transaction with maximum limit of Rs. 10,000 per month.
B. All non-bank Payment prepaid instruments can provide this service.
C. Both A& B
D. None of these
Explanation:
Now Money kept in various online wallets like Amazon pay, Ola money, Mobikwik, Phone pe, Delhi Metro Card etc. can be withdrawn using an ATM or Point of Sale Terminal. In a notification issued, Reserve bank of India permitted cash withdrawal of Rs. 2,000 per transaction with maximum limit of Rs. 10,000 per month. All non-bank Payment prepaid instruments can provide this service. But, for such transaction using card or wallet PIN or other additional authentication will be mandatory.
