What is the timeline of auto reversal of transaction for a bank, when – InterviewSolution

InterviewSolution

1.	What is the timeline of auto reversal of transaction for a bank, when the amount debited from one card but did not reach another card(card to card transfer) as per new guidelines of Reserve Bank of India(RBI)?
Answer» As per new guidelines of Reserve Bank of India, During the Card to card transfer, if the amount debited from one card but did not reach another card then the respective bank has to pay back the amount to the customer in 1 day after failed transaction.

Discussion

No Comment Found

Related InterviewSolutions

Which bank became India's most-valued Public Sector Unit (PSU) in terms of market valuation?
Mastercard creates credit card with __________ scanner.
Which Indian bank has won the 2017 Golden Peacock Innovative Product/Service Award (GPIPSA)?
Japan's SoftBank invested this much of amount in digital payments platform Paytm.
Which bank tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender's customers?
Which bank tie-up with Paisa bazzar.com to make the process of availing a loan easy and act as a one-stop financial solution provider for all retail lending needs of the customer?
The Reserve Bank of India (RBI) proposed a set of regulations regarding mergers and acquisitions (M&A). The proposed regulations will be brought under the FEMA rules of
Which bank has tied up with Cashkaro.com to launch card-linked offers as part of its loyalty programme for both offline and online shoppers?
16 The Reserve Bank will soon put into circulation Rs. 5 coins to celebrate 150th anniversary of ___________.
FATCA stands for __________.