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Which of the following public sector ban...

Which of the following public sector banks recently became the first to launch the Instant Money Transfer (IMF) scheme which is a innovative domestic money remittance facility from ATMs without an account in the bank?

A

State Bank of India

B

Axis Bank

C

Punjab national bank

D

Bank of India

Text Solution

Verified by Experts

The correct Answer is:
D
Bank of India, in March 2014, launched IMT (Instant Money Transfer), which allows cardles cash withdrawl at its IMT-enabled ATMs, a first-of-its kind initiative by any public sector bank. IMT allows the customer to send money to a receiver only by using the receiver's mobile number through the bank's ATM and retial internet banking facility.
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