February 28, 2015

Frequentlly Asked Questions (FAQ) related to ATM Transaction

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Frequently Asked Questions related to ATM Transaction: 

Now a days customers and people frequently have questions/queries regarding ATM Transactions and process. We have compiled the following queries regarding ATM Transaction which can also be important information for the promotion for clerks and officer in banking sector.



1.   What is the no. of monthly ATM transactions that banks can restrict for use by other bank customers, at  centres other than 6 metro centres namely, Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Bangalore:

a] 5 financial transactions

b] 5 non-financial transactions

c] 5 financial and non-financial transactions

d] 3 financial transactions


2.   What is the no. of monthly ATM transactions that banks can restrict for use by other bank customers, in 6 metro centers namely, Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Bangalore:

a] 3 financial transactions

b] 3 non-financial transactions

c] 3 financial and non-financial transactions

d] 5 financial transactions


3.   What is the no. of monthly ATM transactions that banks can restrict for simultaneous use by other bank customers, in 6 metro centres and non metro centres:



a] 5 financial transactions

b] 5 non-financial transactions

c] 3 and 5 financial and non-financial transactions respectively

d] 3 financial transactions


4.  If visually impaired persons approaches for certain banking facilities, which of the following can be permitted to him  (1) cheque book facility (2) ATM facility (3) Net bank facility (4) Locker facility

a] 1 to 4 any                                                b] 1 to 3 only

c] 1 and 2 only                                               d] 1 and 4 only



5.  If the ATM has not dispensed the cash but account has been debited, the dispute regarding such transactions is to be resolved by the banks within?

a] 15 days                                                                                      b] 12 days

c] 7 days                                                                                      d] 3 days


Note: Colored options are correct answers