Question
Consider the following statements:
Which of the statements given above is/are correct?
- Instant Money Transfer (IMT) scheme is launched by the Bank of India.
- It allows withdrawal of funds to individuals from its ATMs without an account in the bank.
Which of the statements given above is/are correct?
Answer: Option B
Answer: (b)
The Bank of India (BoI) launched an Instant Money Transfer (IMT) scheme and became the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank.
In other words, the IMT scheme allows customers to withdraw cash without using either debit card or credit card at BoI’s IMT-enabled ATMs.
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Answer: (b)
The Bank of India (BoI) launched an Instant Money Transfer (IMT) scheme and became the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank.
In other words, the IMT scheme allows customers to withdraw cash without using either debit card or credit card at BoI’s IMT-enabled ATMs.
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