As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw upto R

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Q 1557480384.     As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw upto Rs.1,000 using their debit cards from notified shops/stores all over the country. All such shops/stores will have POS terminals for the same. What is full form of the POS?

A

Payment on Sale

B

Power of Sale

C

Point of Sale

D

Payment Order Service

E

None of the above

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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