Case Study - Retail Banking - 2 As we know today private, public and foreign banks issues ATM to hi

Case Study - Retail Banking - 2 As we know today private, public and foreign banks issues ATM to his customers. ATM is a now 24 hour banking service provider, now customer use ATM not only to withdraw cash from machine but also to make shopping on various sites. Some banks offer additional facilities on ATM card i.e Accidental cover and some give a facility to withdraw money beyond the limit. It has changed the banking scenario globally, today a person who don't have money in a foreign country can withdraw money from ATM. Q.1 Max withdrawal limit for POS Q.2 Max withdrawal on other bank's ATM in one transaction? Q.3 Max free allowed limit on other banks ATM Machine? Q.4 The bank promote using of ATM because ...... Ans to Reduce human cost on small payments

 

1- 20002- 10000 rs3- in metro city 2 transaction other 5 transction

 

1.250002.100003.3 for city banks and 5 for rural banks4.For paperless banking

 

1-2000,2-10000,3-3,4-COZ IT COSTS LESS TO BANKS THAN TRADITIONAL BANKING APPROACHES

 

1_ 2000, 2_ 10000, 3- 3 in metro 5 in other, 4- bcz transaction cost is less compared to physical n traditional banking services

 

For tier 1;2 pos limit is 1000 n tier 3n above is 2000

 

2.100003.3in Metro 5in urban and semi urban and rural