Recently, RBI has enabled banks to perform transaction in contactless cards for value up to
Recently, RBI has enabled banks to perform transaction in contactless cards for value up to Rs ____?
[A]1000
[B]2000
[C]5000
[D]10000
2000
Reserve Bank of India has allowed banks to enable transactions in contactless cards (Tap and Pay) for value up to Rs 2000 without requiring a separate PIN authentication. The tap and pay refers to the use of near field communication technology in payment cards where instead of the traditional swiping of the card and punching in payment details, all the customer’s needs to do is wave a card in front of acceptance device for the bill to be settled.
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tarak
May 25, 2015 at 3:34 pmAnswer showing 5000 and in explanation it was showing 2000. I think correct answer is 2000.
Mahendra Patel
May 25, 2015 at 4:10 pmit is Rs. 2000/- not 5000/-