Multiple choice

Which nationalised commercial bank has launched signature based debit card scheme?

  1. Bank of Baroda

  2. Punjab National Bank

  3. Central Bank of India

  4. Indian Bank
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Punjab National Bank (PNB) was the first nationalized bank in India to launch a signature-based debit card scheme. This innovation allowed customers to make purchases by signing a receipt rather than using a PIN, which was a common standard for early debit cards. It helped in increasing the acceptance of cards at merchant outlets.

Keep practicing — related questions