🏦 Bank of Baroda · Digital Products 2025
Bank of Baroda
Digital Products Exam Guide
Bob World Internet Banking · BoB World Mobile App · bob इ Pay UPI · Digital Rupee CBDC · Bob World Wave · POS & Payment Gateway · Tab Banking · Investment Apps · DigiNext Corporate · Credit & Debit Cards · 80 MCQs — IBPS, SBI, RBI & Bank Internal Exams 2025
IBPS PO/ClerkSBI PO/ClerkRBI Grade B
BoB InternalBank PromotionsSSC CGL
📋 Table of Contents
Ch.1 — Bob World Internet Banking
Ch.2 — BoB World Mobile App
Ch.3 — UPI & bob इ Pay
Ch.4 — Digital Rupee (CBDC/e₹)
Ch.5 — bob World Wave (Smartwatch)
Ch.6 — POS, e-Gateway & PayPoint
Ch.7 — bob World Tab (Tab Banking)
Ch.8 — M-Invest & SmartTrade
Ch.9 — Baroda DigiNext (Corporate CMS)
Ch.10 — Cards (Credit, Debit, Prepaid)
MCQ Practice (80 Qs)
Quick Revision Cards
🏦
All-in-One MapBank of Baroda Digital Product Ecosystem
🌐 Bob World Internet
Internet Banking (Since 2006)
- Launched: 14 Sep 2006 | FEBA upgrade: 25 Nov 2020
- Retail (individuals) + Corporate (non-individuals)
- Excluded: ID-MAG (Illiterate, Dormant, Minor <15, Attachment, Inoperative)
- Features: NEFT, RTGS, IMPS, bill pay, FD, cheque services
📱 BoB World App
Mobile Banking — “Bank on the Go”
- Upgraded from M-Connect Plus
- Session timeout: 5 minutes
- Menu categories: 5 → 10 (UI upgrade)
- Banking + Shopping + Insurance + Investments
- UPI integrated via bob इ Pay
💚 UPI / bob इ Pay
Bank of Baroda’s UPI Application
- UPI developed by: NPCI
- UPI works on IMPS rails
- UPI Lite: ₹1,000/txn, ₹5,000 balance, ₹10,000/day
- After PIN reset: limit = ₹5,000
- P2P, P2M, QR, collect requests
🟣 Digital Rupee (e₹)
CBDC — Central Bank Digital Currency
- Issued by: RBI
- BoB CBDC-R launched: 17 Jan 2023
- UPI QR Interoperability: 26 Aug 2023
- Auto-load feature: 30 Apr 2024
- UPI = Payment system | CBDC = Money itself
⌚ bob World Wave
Wearable Tap & Pay Smartwatch
- Partner: GOQii (Make in India)
- Contactless limit without PIN: ₹5,000
- Daily Tap & Pay: 5 transactions
- POS/E-com max: ₹1,00,000
- Health: SpO2, HR, BP, sleep | IP68 water-proof
📋 bob World Tab
Tab Banking — Assisted Digital Onboarding
- Opens: Savings + Current + NRE/NRO + DEMAT
- Modes: Aadhaar OTP, Aadhaar Biometric, CKYC
- 22 Savings Account schemes available
- NRE/NRO Tab launch: 31 Aug 2024
- DEMAT account via Tab: 30 Jan 2024
🌐
Chapter 1Bob World Internet Banking
| Parameter | Detail |
|---|---|
| Product Name | Bob World Internet |
| Bank | Bank of Baroda |
| Launch Date | 14 September 2006 |
| FEBA Upgrade | 25 November 2020 (Finacle Enhanced Banking Architecture) |
| Availability | 24×7 |
| User Types | Retail (individuals) + Corporate (non-individuals: companies, trusts, firms) |
| Minimum Age | 15 years (minors below 15 are excluded) |
| Fund Transfer | NEFT, RTGS, IMPS |
🧠 Excluded Users — Mnemonic
I D – M A G
I — Illiterate customers | D — Dormant accounts | M — Minor below 15 years
A — Attachment/Garnishee orders | G — (In)operative/Inoperative accounts
A — Attachment/Garnishee orders | G — (In)operative/Inoperative accounts
| Feature | Retail Users | Corporate Users |
|---|---|---|
| Who | Individual account holders (single, joint) | Non-individual accounts (companies, trusts, firms) |
| Special Features | Single login for all accounts, bill pay, NEFT/RTGS/IMPS | Maker-Checker facility, Bulk file upload, Payroll, MIS reports |
📱
Chapter 2BoB World Mobile Banking App
⚡ Core Facts
- Tagline: “Bank on the Go”
- Upgraded from: M-Connect Plus
- Session timeout (inactivity): 5 minutes
- Menu categories after UI upgrade: 5 → 10
- UPI integrated via: bob इ Pay
- Available on: Both iOS and Android
- UPI Lite supported: Yes
| Transfer Type | Per Transaction Limit | Daily Limit |
|---|---|---|
| Third Party / NEFT / RTGS | ₹5,00,000 | ₹10,00,000 |
| IMPS Beneficiary | ₹5,00,000 | ₹5,00,000 |
| IMPS Instant | ₹50,000 | ₹2,00,000 |
| Self Transfer | Unlimited | Unlimited |
| Digital Gold | — | ₹2,00,000 |
| Bill Pay (Registered) | — | ₹1,00,000 |
| Cash on Mobile | — | ₹5,000 |
💚
Chapter 3UPI & bob इ Pay
| Parameter | UPI Details |
|---|---|
| Full Form | Unified Payments Interface |
| Developed by | NPCI (National Payments Corporation of India) |
| BoB’s UPI App | bob इ Pay |
| Works on | IMPS rails (not NEFT, not RTGS) |
| Standard Limit | ₹1,00,000 per transaction (NPCI standard) |
| Identifier | VPA (Virtual Payment Address) — e.g., 98765@barodampay |
| Availability | 24×7, free, instant |
| After PIN reset / New device | ₹5,000 limit only (security restriction) |
UPI Lite — 1-5-10 Rule
₹1,000
Per Transaction Limit
UPI Lite
₹5,000
Max Wallet Balance
UPI Lite
₹10,000
Daily Spending Limit
UPI Lite
NO PIN
Required for UPI Lite
Small value, faster
₹5,000
After PIN Reset
Security restriction
✅ UPI Key Exam Points
- UPI ID (VPA) format example: username@barodampay
- UPI works on IMPS rails — NOT NEFT or RTGS
- UPI Lite = small payments without PIN = 1-5-10 rule
- P2P = Person-to-Person | P2M = Person-to-Merchant
- Credit card on UPI currently supports RuPay Credit Cards only
- UPI mandates 2-Factor Authentication (2FA)
- UPI AutoPay max limit per debit: ₹10,000
🟣
Chapter 4Digital Rupee — CBDC (e₹)
| Parameter | Detail |
|---|---|
| Full Form | Central Bank Digital Currency |
| Issued by | RBI (Reserve Bank of India) |
| Types | CBDC-R (Retail — for public) | CBDC-W (Wholesale — for banks) |
| Legal Status | Same as physical currency — RBI liability |
| Settlement | Real-time, instant |
| Is it crypto? | NO — it is RBI-backed digital currency, NOT cryptocurrency |
| Interest-bearing? | NO |
BoB CBDC Key Dates Timeline
17 Jan 2023
CBDC-R app launch — wallet-to-wallet transfers enabled
26 Aug 2023
UPI QR Interoperability — P2P & P2M launched
07 Nov 2023
Whitelisting removed — available to ALL customers
25 Jan 2024
Credit card loading to CBDC BLOCKED
15 Mar 2024
Wallet loading via direct debit of BoB account enabled
30 Apr 2024
Auto-load + limit management + UPI intent enabled
21 Jun 2024
Unsecured WiFi check added (security feature)
24 Sep 2024
Velocity / transaction limit checks added
| Feature | UPI | Digital Rupee (CBDC) |
|---|---|---|
| What is it? | Payment system | Money itself (currency) |
| Issuer | Banks + NPCI | RBI |
| Settlement | Bank-to-bank | Real-time final settlement |
| Needs bank a/c? | Yes | Not required for transfers (wallet-to-wallet) |
| Works offline? | No (planned) | Planned (CBDC-R offline pilot) |
⌚
Chapter 5bob World Wave — Wearable Payment Smartwatch
⚡ Core Facts
- Product: Bank of Baroda’s wearable smartwatch for contactless payments
- Technology partner: GOQii (Make in India brand)
- Payment: Works like Tap & Pay debit card (NFC-based)
- Water resistance: IP68
- Battery: 7-day battery life
- Display: 1.57-inch full-touch colour
₹5,000
Contactless Limit (No PIN)
Per transaction
5
Daily Tap & Pay Transactions
Without PIN
₹1,00,000
POS / E-commerce Max
With PIN
₹3,499
Launch Offer Price
MRP: ₹6,499
🧠 Memory Trick — Smartwatch Limits
₹5,000 → 5 txns → ₹1 Lakh
₹5,000 contactless per txn (no PIN) | 5 transactions per day | ₹1 lakh POS/e-commerce max
🖥️
Chapter 6POS, e-Gateway & PayPoint
| Product | What It Is | Best For | Key Feature |
|---|---|---|---|
| bob World Merchant POS | Card swipe/tap machine at merchant outlets | Physical retail merchants | Accepts cards + UPI QR + Contactless |
| Baroda e-Gateway (IPG) | Internet payment gateway for online businesses | E-commerce, schools, utilities | Supports 10 foreign currencies, 40+ bank net banking |
| Baroda PayPoint | Web/mobile payment collection portal | Merchants WITHOUT a website (societies, NGOs) | No website required, offline + online |
🎯 Chargeback Reasons — DDPFN
- D — Dispute raised by customer
- D — Duplicate payment
- P — Processing error
- F — Fraud
- N — Non-fulfillment (goods/services not received)
| Payment Type | Settlement Timeline |
|---|---|
| Domestic Cards — e-Gateway (IPG) | T+1 working day |
| Domestic Cards — PayPoint | T+2 working days |
| International Cards | T+3 working days |
| Net Banking via Aggregator — IPG | T+2 working days |
| Net Banking via Aggregator — PayPoint | T+3 working days |
| Refund to customer | 3–5 working days |
📋
Chapter 7bob World Tab — Tab Banking
⚡ Core Facts
- Full name: bob World Tab (TabIT)
- Type: Tablet-based assisted digital onboarding for branch staff
- Opens: Savings + Current + NRE/NRO + DEMAT & Trading accounts
- Fully paperless account opening
- 22 Savings Account schemes available
- Account opening modes: Aadhaar OTP, Aadhaar Biometric, CKYC
| Circular No. | Subject | Date |
|---|---|---|
| BCC:BR:116:13 | Aadhaar biometric authentication enabled | 04 Jan 2024 |
| BCC:BR:116:50 | DEMAT & Trading account via Tab | 30 Jan 2024 |
| BCC:BR:116:147 | New functionalities in Current Account opening | 27 Feb 2024 |
| BCC:BR:116:157 | Opening SB account using CKYC | 12 Mar 2024 |
| BCC:BR:116:286 | Opening accounts via Tab Banking | 06 May 2024 |
| BCC:BR:116:539 | NRE/NRO account opening on Tab | 31 Aug 2024 |
🧠 Tab Banking Circulars — 2024 Sequence
Jan → Jan → Feb → Mar → May → Aug
Biometric (4 Jan) → DEMAT (30 Jan) → Current A/c (27 Feb) → CKYC SB (12 Mar) → Tab Launch (6 May) → NRE/NRO (31 Aug)
📈
Chapter 8Baroda M-Invest & BarodaINSTA SmartTrade
| Feature | Baroda M-Invest | BarodaINSTA SmartTrade |
|---|---|---|
| What it is | Digital mutual fund & wealth management app | Online trade finance portal (foreign + inland) |
| Users | Individual investors / retail customers | Corporates, exporters, importers, MSMEs |
| Key Service | Paperless mutual fund investing | LC, BG, FX remittance, import/export docs |
| KYC Process | Online KYC in 2 minutes | Paperless documentation |
| Investment Speed | Start investing in 30 seconds | Real-time tracking + MIS + SWIFT online |
| Partner | Finwizard Technology Pvt. Ltd. | In-house BoB platform |
🧠 M-Invest Key Numbers
2-Minute KYC → 30-Second Investment
Complete KYC in 2 minutes | Start investing in just 30 seconds | Goal-based, paperless, real-time tracking
🏢
Chapter 9Baroda DigiNext — Corporate Cash Management
⚡ Core Facts
- Type: Corporate digital cash management platform for companies, MSMEs & government
- Manages: Collections, Payments, Reconciliation, Cash flows, Treasury
- Single file processing: RTGS + NEFT + IMPS + IFT in one file
- ERP integration: Via API and SFTP (SAP/Oracle)
- Payments: Future-dated transactions supported
- Alerts: Auto SMS + Email
- MIS: Real-time MIS + automated reconciliation
💳
Chapter 10Cards — Credit, Debit & Prepaid
Credit Cards — Quick Reference
BOBCARD VIKRAM
Defence + TS/MP Police
- Fees: Lifetime Free
- RP: 5 RP/₹100 (Movies & Dept. Stores)
- Insurance: ₹20L (Air + Non-Air)
- Perk: Disney+ Hotstar (3 months)
- Age: 18–60/61/62
BOBCARD YODDHA
Indian Army
- Fees: Lifetime Free
- RP: 10 RP/₹100 (Movies & Dept. Stores)
- Lounges: 8 per year
- Insurance: ₹20 lakh
- Age: 18–70
BOBCARD RAKSHAMAH
Indian Coast Guard
- Fees: Lifetime Free
- RP: 10 RP/₹100 (Movies & Dept.)
- Lounges: 8 per year
- Insurance: ₹20 lakh
- Age: 18–70 | Same structure as Yoddha
BOBCARD VARUNAH
Indian Navy (Premium)
- Fees: ₹2,499 (Not free)
- RP: 15 RP/₹100 (Travel/Dining/Online/Intl)
- Lounges: Unlimited
- Insurance: ₹100L + ₹10L
- Age: 18–70
IRCTC BOBCARD
Train Travellers
- Fees: ₹500 joining + ₹350 annual
- RP: Up to 40 RP/₹100 on IRCTC bookings
- Other: 4 RP (Dept. Stores)
- Income (BoB): ≥₹2.4L | Non-BoB: ≥₹3.6L
HPCL ENERGIE BOBCARD
HPCL Fuel Customers
- Fuel savings: Up to 5% at HPCL
- = 4% RP (24 RP/₹150) + 1% surcharge waiver
- Bonus: 500 RP on ₹5k spend in 60 days
- Fees: ~₹499 (reversible)
BOBCARD EASY
Entry Level Retail
- Income: Salaried ≥₹3L, SE ≥₹3.6L
- RP: 5 RP/₹100 (Dept. & Movies)
- Fuel: 1% surcharge waiver
- Fee: ₹500 joining; reversed at ₹35k spend/yr
BOBCARD SELECT
Online + Dining Focus
- Income: ≥₹4.8L
- RP: 5 RP/₹100 (Dining & Online)
- Insurance: ₹15L (Air) + ₹5L (Non-Air)
- Fee: ₹750 joining; reversed at ₹70k/yr
BOBCARD PREMIER
Travel + Dining
- Income: ≥₹7.2L
- RP: 10 RP/₹100 (Travel/Dining/Intl)
- Lounge: 1 per quarter
- Insurance: ₹50L (Air) + ₹10L
- Fee: ₹1,000; reversed at ₹1.2L/yr
BOBCARD ETERNA
Top Tier Premium
- Income: ≥₹12L
- RP: 15 RP/₹100 (Travel/Dining/Online/Intl)
- Lounge: Unlimited
- Insurance: ₹100L (Air) + ₹10L
- Fee: ₹2,499; reversed at ₹2.5L/yr
BOBCARD PRIME
Secured (FD-backed)
- Type: Secured against Fixed Deposit
- Min FD: ₹15,000
- Age: 18–85 years
- No income proof required
- Fees: Lifetime Free (LTF)
Key Debit Cards
| Card Name | Segment | ATM Limit | POS Limit | Key Feature | Fees |
|---|---|---|---|---|---|
| AGNIVEER | Agnipath recruits (SB-186) | ₹50,000/day | ₹1,00,000/day | Insurance ₹10L | Free ATMs | NIL / NIL |
| Yoddha (Debit) | Defence salary (SB-186) | ₹1,50,000/day | ₹5,00,000/day | Lounge 2+2/yr, Gym, Golf | NIL / NIL |
| OPULENCE | Ultra-HNI (QAB ≥ ₹10L) | ₹5,00,000/day | ₹10,00,000/day | Unlimited lounge, airport pick-up | ₹9,500 / ₹5,000 |
| VISA SAPPHIRE | HNI (QAB ≥ ₹10,000) | ₹3,00,000/day | ₹5,00,000/day | 2 domestic lounge/quarter | ₹750 / ₹750 |
| EaseMyTrip | Travel co-branded | As per T&C | As per T&C | 10–15% travel discounts, 2+2 lounges | ₹599 / ₹599 |
| bob inSIGHT Braille | Visually impaired | ₹50,000/day | ₹1,00,000/day | Braille dots, rounded notch, spot-UV | ₹300 / 1st yr free |
| bob Bhoomi (Green) | Eco-friendly (rPVC card) | ₹1,50,000/day | ₹5,00,000/day | Insurance ₹10L, lounge, gym, OTT | ₹500 / 1st yr free |
| VISA Vyapaar DI | Business current accounts | ₹2,00,000/day | ₹5,00,000/day | Cash deposit ₹3L, international | Bank schedule |
Prepaid Cards
| Card Type | Min Load | Max Load | Validity | Usage |
|---|---|---|---|---|
| Baroda Reloadable (Physical) | ₹100 | ₹1,00,000 | Up to 36 months | ATM + POS + E-com (RuPay) |
| Baroda Reloadable (Virtual) | — | — | — | E-commerce only (OTP-based) |
| Gift Card | — | — | — | Physical + Virtual gifting |
| TravelEasy Multi Currency Forex | — | — | — | International travel, multiple currencies |
🧠 Credit Card — Defence Memory
Army=YODDHA | Coast Guard=RAKSHAMAH | Navy=VARUNAH | Police/Defence=VIKRAM
YODDHA & RAKSHAMAH = same structure (10 RP + 8 lounges + ₹20L + LTF) · VARUNAH = Navy premium (15 RP + Unlimited + ₹1Cr + Paid) · VIKRAM = only 5 RP + LTF
📝
Tap Any Option to Reveal AnswerMCQ Practice — 80 Questions (8 Chapters)
CH.1Internet Banking & BoB World AppQ.01–Q.20
Bob World Internet was launched on:
✔ Correct: B — 14 September 2006
Bob World Internet was launched on 14 September 2006. It was later upgraded to FEBA (Finacle Enhanced Banking Architecture) on 25 November 2020. Don’t confuse launch date with FEBA upgrade date.FEBA stands for:
✔ Correct: B — Finacle Enhanced Banking Architecture
FEBA = Finacle Enhanced Banking Architecture. The FEBA upgrade of Bob World Internet was done on 25 November 2020. Finacle is the core banking software used by Bank of Baroda.Which of the following accounts CANNOT use Internet Banking (ID-MAG rule)?
✔ Correct: C — Dormant account
ID-MAG: Illiterate, Dormant accounts, Minor below 15, Attachment orders, InGoperative accounts. NRI, senior citizens, and joint accounts CAN use internet banking.Minimum age for Internet Banking eligibility at Bank of Baroda is:
✔ Correct: C — 15 years
Minors below 15 years are excluded from Internet Banking. Those 15 and above may be eligible. The mnemonic M in ID-MAG = Minor below 15.Corporate Internet Banking users are:
✔ Correct: C — Non-individual accounts
Retail = individual account holders (single, joint). Corporate = non-individual accounts (companies, trusts, partnerships, firms). Corporate users get Maker-Checker facility, bulk upload, payroll.Which payment mode is NOT available on Bob World Internet?
✔ Correct: D — BHIM Aadhaar Pay
Bob World Internet supports NEFT, RTGS, and IMPS. BHIM Aadhaar Pay (Aadhaar-based biometric payment at POS) is NOT a feature of internet banking — it requires biometric device at the merchant.BoB World mobile app was upgraded from:
✔ Correct: B — M-Connect Plus
BoB World = upgraded version of M-Connect Plus. It includes banking + shopping + insurance + investments in one app. Tagline: “Bank on the Go”.Session timeout (auto-logout) in BoB World app is:
✔ Correct: B — 5 minutes
BoB World auto-logs out after 5 minutes of inactivity. This is a security feature to protect accounts if the user leaves the app open unattended.After the UI upgrade, BoB World app has how many menu categories?
✔ Correct: B — 10 menu categories
After the UI/UX redesign, BoB World menu categories increased from 5 to 10. A voice-activated chatbot was also introduced in the upgrade.IMPS Instant transfer limit PER TRANSACTION in BoB World is:
✔ Correct: C — ₹50,000
IMPS Instant per transaction = ₹50,000. Daily limit = ₹2,00,000. IMPS Beneficiary per transaction = ₹5,00,000. Third Party/NEFT/RTGS per transaction = ₹5,00,000 (daily = ₹10L).Daily limit for Digital Gold purchases in BoB World is:
✔ Correct: C — ₹2,00,000
Digital Gold daily limit in BoB World = ₹2,00,000. This falls in the same limit group as IMPS Instant daily limit (₹2L).The tagline of BoB World mobile banking app is:
✔ Correct: B — “Bank on the Go”
BoB World’s official tagline is “Bank on the Go” — emphasising mobility and convenience of banking from anywhere via the mobile app.Third-party transfer daily limit in BoB World is:
✔ Correct: B — ₹10,00,000 (₹10 lakh)
Third Party / NEFT / RTGS: ₹5L per transaction, ₹10L daily. Remember TNR = Third party, NEFT, RTGS → ₹5L per txn, ₹10L per day.The name of BoB World’s UPI service is:
✔ Correct: C — bob इ Pay
Bank of Baroda’s UPI application is called bob इ Pay. It is integrated within BoB World mobile app. Supports VPA payments, QR scan, collect requests, phone number payments.Maker-Checker facility is a feature of which type of Internet Banking?
✔ Correct: B — Corporate Internet Banking
Maker-Checker is a corporate-only feature. One user (Maker) creates a transaction; another user (Checker) authorises it before execution. This dual control prevents fraud in corporate banking.BoB World app is available on:
✔ Correct: C — Both iOS and Android
BoB World is available on both iOS (Apple) and Android platforms. It works on smartphones and tablets of both operating systems.FEBA upgrade of Bob World Internet was done on:
✔ Correct: B — 25 November 2020
Bob World Internet was launched on 14 Sep 2006. FEBA (Finacle Enhanced Banking Architecture) upgrade was done on 25 November 2020.Which service is NOT provided in BoB World mobile app?
✔ Correct: D — PPF account closure
BoB World provides mutual funds, Digital Gold, FD/RD opening, flight/hotel booking, insurance, and UPI. PPF account closure requires branch visit — it is NOT available in the app.Internet Banking is available:
✔ Correct: C — 24×7
Bob World Internet Banking is available 24×7 — including weekends, holidays, and outside office hours. This is one of the primary benefits over traditional branch banking.Cash on Mobile daily limit in BoB World is:
✔ Correct: C — ₹5,000
Cash on Mobile daily limit = ₹5,000. This is the smallest limit in BoB World transfers. Bill Pay (registered) daily limit = ₹1,00,000.CH.2UPI, CBDC & Digital RupeeQ.21–Q.40
UPI was developed by:
✔ Correct: B — NPCI
UPI (Unified Payments Interface) was developed by NPCI (National Payments Corporation of India). While RBI regulates it, NPCI is the entity that built and operates the UPI infrastructure.UPI works on which payment infrastructure?
✔ Correct: C — IMPS rails
UPI works on IMPS (Immediate Payment Service) rails. This is why UPI is instant and available 24×7 — it uses the same infrastructure as IMPS. NOT NEFT (which has batches) or RTGS (which has minimum ₹2L limit).UPI Lite per transaction limit is:
✔ Correct: B — ₹1,000
UPI Lite limits = 1-5-10 rule: ₹1,000 per transaction | ₹5,000 max wallet balance | ₹10,000 daily spending limit. No PIN required for UPI Lite transactions.Maximum UPI Lite wallet balance is:
✔ Correct: C — ₹5,000
UPI Lite maximum wallet balance = ₹5,000. The 1-5-10 rule: ₹1,000 per txn | ₹5,000 wallet balance | ₹10,000 daily limit.After UPI PIN reset or new device registration, transfer limit is restricted to:
✔ Correct: B — ₹5,000
After setting/resetting UPI PIN or fresh device registration, the limit is restricted to only ₹5,000 for the first transaction as a security precaution. This is a frequently asked exam fact.VPA stands for:
✔ Correct: C — Virtual Payment Address
VPA = Virtual Payment Address. It is the UPI identifier (like username@barodampay). No need to share bank account number or IFSC. UPI transfers use VPA instead of bank details.Credit card on UPI currently supports which card network?
✔ Correct: C — RuPay Credit Cards
UPI currently supports linking of RuPay Credit Cards for payments. Visa and Mastercard credit cards are NOT yet supported for UPI credit card payments (as of the current policy).CBDC is issued by:
✔ Correct: B — RBI
CBDC (Central Bank Digital Currency) = India’s Digital Rupee (e₹) is issued and backed by RBI. It is the digital form of physical cash. It is NOT cryptocurrency — it is a government-backed legal tender.BoB’s CBDC-R (Digital Rupee Retail) was launched on:
✔ Correct: A — 17 January 2023
BoB Digital Rupee (CBDC-R) app was launched on 17 January 2023. UPI QR interoperability came later on 26 Aug 2023. Direct debit wallet loading on 15 Mar 2024. Auto-load on 30 Apr 2024.UPI QR Interoperability with Digital Rupee (P2P & P2M) was launched on:
✔ Correct: A — 26 August 2023
UPI QR interoperability for CBDC (both P2P and P2M) = 26 August 2023. Whitelisting removed (available to all) = 07 Nov 2023. Credit card loading blocked = 25 Jan 2024.Which is correct about Digital Rupee (CBDC) vs UPI?
✔ Correct: B — UPI = payment system, CBDC = money
UPI = payment system (a method to transfer money). CBDC = the money itself (digital form of physical cash). CBDC is a liability of RBI, like banknotes. UPI just moves money between accounts.CBDC-R stands for:
✔ Correct: B — CBDC Retail
India’s CBDC has 2 types: CBDC-R (Retail) = for individuals and merchants (general public). CBDC-W (Wholesale) = for banks and financial institutions for interbank settlement.Which statement about CBDC is INCORRECT?
✔ Correct: C — This is INCORRECT
CBDC is NOT a cryptocurrency. It is RBI-backed, government-issued digital currency with the same legal tender status as physical cash. Crypto is decentralised and not backed by any government.Credit card loading into CBDC wallet was blocked on:
✔ Correct: C — 25 January 2024
Credit card loading to CBDC wallet was blocked on 25 January 2024. CBDC wallets can be loaded via UPI, bank account (direct debit), and auto-load — but NOT via credit card.CBDC Auto-load feature was enabled on:
✔ Correct: B — 30 April 2024
CBDC Auto-load + limit management + UPI intent were enabled on 30 April 2024. Direct debit wallet loading via BoB account was enabled on 15 March 2024.CBDC-W (Wholesale) is primarily used for:
✔ Correct: C — Interbank settlement
CBDC-W (Wholesale) is designed for banks and financial institutions to settle interbank transactions. It is NOT for retail customers. CBDC-R (Retail) is what the general public uses.UPI AutoPay maximum limit per debit is:
✔ Correct: C — ₹10,000
UPI AutoPay (mandate payments for EMIs, subscriptions, utility bills) maximum limit per debit = ₹10,000. Used for OTT subscriptions, loan EMIs, SIP investments, utility bill autopay.UPI standard maximum transaction limit (NPCI) is:
✔ Correct: B — ₹1,00,000
Standard UPI transaction limit = ₹1,00,000 (₹1 lakh) per transaction as per NPCI guidelines. Some categories like IPO subscriptions, capital market transactions, healthcare may have higher limits.Which authentication does UPI mandate?
✔ Correct: B — Two Factor Authentication (2FA)
UPI requires 2FA (Two Factor Authentication): Debit card details + UPI PIN. The device itself acts as one factor; the UPI PIN acts as the second. UPI Lite relaxes PIN requirement for small amounts.Is Digital Rupee (CBDC) interest-bearing?
✔ Correct: C — No interest
CBDC (Digital Rupee) is NOT interest-bearing — just like physical cash doesn’t earn interest. This is by design so that it mimics cash and doesn’t disintermediate the banking system.CH.3Wave, Cards, Tab Banking & POSQ.41–Q.60
bob World Wave is partnered with which company?
✔ Correct: C — GOQii
bob World Wave is partnered with GOQii — a Make in India health tracking smartwatch brand. The watch combines payment functionality with health monitoring.Contactless limit WITHOUT PIN in bob World Wave is:
✔ Correct: C — ₹5,000
bob World Wave contactless limit without PIN = ₹5,000 per transaction. The smartwatch limits: ₹5,000 tap (no PIN) | 5 transactions/day | ₹1,00,000 POS/e-com max (with PIN).Daily Tap & Pay transaction count limit in bob World Wave is:
✔ Correct: B — 5 transactions
bob World Wave allows 5 daily Tap & Pay transactions without PIN (each up to ₹5,000). Memory: ₹5,000 contactless × 5 transactions/day = max ₹25,000 via contactless (then PIN required for above ₹5k or beyond 5 txns).POS/E-commerce maximum daily limit in bob World Wave is:
✔ Correct: C — ₹1,00,000
POS/E-commerce max limit = ₹1,00,000 with PIN. The 5→5→1L rule: ₹5,000 contactless (no PIN) | 5 transactions/day | ₹1,00,000 POS/e-com max.BOBCARD PRIME is different from other credit cards because:
✔ Correct: C — Secured card against FD, no income proof, LTF
BOBCARD PRIME = secured credit card backed by FD ≥ ₹15,000. No income proof needed. Age 18–85. Lifetime Free. Ideal for those who want credit card benefits without income documentation.Which is the CORRECT match for defence credit cards?
✔ Correct: B — YODDHA = Army, RAKSHAMAH = Coast Guard, VARUNAH = Navy
Memory: Army = YODDHA (warrior) | Coast Guard = RAKSHAMAH (protector) | Navy = VARUNAH (sea god) | Police/General Defence = VIKRAM.Which BoB credit card offers 15 RP per ₹100 with unlimited lounge access?
✔ Correct: D — Both VARUNAH (Navy) and ETERNA
Both VARUNAH (Navy, ₹2,499) and BOBCARD ETERNA (retail premium, ₹2,499) offer 15 RP/₹100 + unlimited airport lounge. VARUNAH is for Navy; ETERNA is for retail customers with income ≥₹12L.Maximum rewards rate on IRCTC BOBCARD for IRCTC bookings is:
✔ Correct: D — Up to 40 RP/₹100
IRCTC BOBCARD offers up to 40 RP per ₹100 on IRCTC website/app bookings — the highest RP rate among all BoB credit cards. This is specifically for train ticket bookings via IRCTC.AGNIVEER debit card is issued for:
✔ Correct: B — Agnipath Defence scheme recruits
AGNIVEER debit card is for Agniveers (recruits under the Agnipath Scheme). Salary account under SB-186. ATM limit: ₹50,000/day. POS: ₹1,00,000/day. Fees: NIL. Insurance: ₹10 lakh.BoB World OPULENCE debit card requires minimum QAB (Quarterly Average Balance) of:
✔ Correct: C — ₹10,00,000 (₹10 lakh)
OPULENCE debit card requires QAB ≥ ₹10,00,000 (₹10 lakh). Benefits: ATM ₹5L/day, POS ₹10L/day, unlimited domestic + international lounge, 2 airport pick-up/drop per quarter. Fees: ₹9,500 issuance / ₹5,000 annual.bob World Tab (Tab Banking) can open which types of accounts?
✔ Correct: D — All four types
bob World Tab can open: Savings + Current + NRE/NRO + DEMAT & Trading accounts. All paperless, using Aadhaar OTP, Aadhaar Biometric, or CKYC.NRE/NRO account opening on Tab Banking was enabled via circular dated:
✔ Correct: D — 31 August 2024
NRE/NRO account opening on Tab Banking circular: BCC:BR:116:539 dated 31 Aug 2024. DEMAT via Tab = 30 Jan 2024. CKYC SB opening = 12 Mar 2024. Tab Banking main circular = 06 May 2024.How many Savings Account schemes can be opened through bob World Tab?
✔ Correct: C — 22 Savings Account schemes
bob World Tab supports 22 types of Savings Account schemes including salary accounts, senior citizen, women, youth, digital, defence, government, NRI, and professional segments.Settlement timeline for Domestic Cards via e-Gateway (IPG) is:
✔ Correct: A — T+1 working day
Settlement timelines: Domestic cards via IPG = T+1. Domestic cards via PayPoint = T+2. International cards = T+3. Net banking via aggregator (IPG) = T+2. Net banking via aggregator (PayPoint) = T+3.Baroda PayPoint is best suited for:
✔ Correct: C — Merchants without a website
Baroda PayPoint is designed for merchants who do NOT have their own website. It is a web/mobile-based payment collection portal ideal for housing societies, schools, colleges, NGOs, small retailers.Baroda e-Gateway supports how many foreign currencies?
✔ Correct: C — 10 foreign currencies
Baroda e-Gateway (Internet Payment Gateway) accepts 10 foreign currencies — enabling international customers to pay in their local currency on merchant websites integrated with BoB’s payment gateway.bob Bhoomi debit card is special because its card is made from:
✔ Correct: C — Recycled PVC (rPVC)
bob Bhoomi RuPay Select debit card is made from recycled PVC (rPVC) — BoB’s initiative for green/eco-friendly banking. Network: RuPay Select. ATM: ₹1.5L/day. POS: ₹5L/day.Refund to customer via merchant gateway is credited in:
✔ Correct: C — 3–5 working days
Merchant refunds via Baroda payment gateway are credited to the customer within 3–5 working days. The merchant has login access to initiate partial or full refunds.DEMAT & Trading account opening via Tab Banking was enabled on:
✔ Correct: A — 30 January 2024
DEMAT & Trading account via Tab = Circular BCC:BR:116:50 dated 30 January 2024. Tab Banking circular sequence: Biometric (4 Jan) → DEMAT (30 Jan) → Current A/c (27 Feb) → CKYC (12 Mar) → Tab launch (6 May) → NRE/NRO (31 Aug).bob inSIGHT Braille debit card is designed for:
✔ Correct: C — Visually impaired customers
bob inSIGHT Braille debit card = accessible banking for visually impaired. Features: Braille dots spelling “BOB”, rounded notch opposite the chip, spot-UV texture for tactile identification. Network: RuPay Platinum.CH.4M-Invest, DigiNext & Advanced ProductsQ.61–Q.80
Baroda M-Invest KYC completion time is:
✔ Correct: A — 2 minutes
Baroda M-Invest: 2-minute KYC → 30-second investing. The app is partnered with Finwizard Technology Pvt. Ltd. Offers goal-based, paperless, 100% online mutual fund investing.Start investing in Baroda M-Invest takes how long?
✔ Correct: B — 30 seconds
After KYC (2 minutes), investing in Baroda M-Invest takes just 30 seconds. This is the key marketing claim of M-Invest: “2-minute KYC → 30-second investing.”BarodaINSTA SmartTrade is used for:
✔ Correct: B — Trade finance and FX
BarodaINSTA SmartTrade = digital trade finance portal. Used for Letter of Credit (LC), Bank Guarantee (BG), FX remittances, import/export documentation, SWIFT copies, MIS — all digitally and paperlessly.Baroda DigiNext supports single file processing for:
✔ Correct: D — RTGS + NEFT + IMPS + IFT single file
Baroda DigiNext enables single file processing for RTGS, NEFT, IMPS, and IFT — one payment file can contain multiple payment modes. This reduces corporate payment processing effort significantly.Baroda DigiNext integrates with ERP systems via:
✔ Correct: B — API and SFTP
Baroda DigiNext integrates with corporate ERP systems (SAP, Oracle) via API and SFTP (Secure File Transfer Protocol). This enables automated payment initiation and reconciliation without manual effort.BOBCARD VIKRAM is designed for:
✔ Correct: C — Defence + TS Police + MP Police
BOBCARD VIKRAM = for Defence personnel + Telangana (TS) Police + Madhya Pradesh (MP) Police. It is Lifetime Free with 5 RP/₹100 on Movies & Dept. Stores. Age: 18–60/61/62 depending on segment.BOBCARD ETERNA minimum income requirement is:
✔ Correct: D — ₹12 lakh per annum
BOBCARD ETERNA = BoB’s top retail credit card. Income ≥ ₹12 lakh p.a.. Offers 15 RP/₹100, unlimited lounge, ₹100L air insurance, ₹2,499 fees. PREMIER = ₹7.2L. SELECT = ₹4.8L. EASY = ₹3L.VISA Vyapaar DI debit card is designed for:
✔ Correct: C — Business current account holders
VISA Vyapaar DI = for business/current account customers. ATM: ₹2L/day. POS: ₹5L/day. Cash deposit via CDM: ₹3L/day. VISA DI = Domestic + International usage enabled.HPCL ENERGIE BOBCARD maximum fuel savings at HPCL pumps is:
✔ Correct: C — 5%
HPCL ENERGIE = up to 5% fuel savings at HPCL = 4% via reward points (24 RP per ₹150) + 1% fuel surcharge waiver. Also bonus 500 RP on ₹5,000 spend in first 60 days.Baroda DigiNext provides which type of MIS?
✔ Correct: B — Real-time MIS with automated reconciliation
Baroda DigiNext provides real-time MIS and automated reconciliation. Corporates can track every transaction immediately. Also supports future-dated payments and auto SMS/email alerts.BOBCARD PREMIER offers lounge access of:
✔ Correct: A — 1 per quarter
BOBCARD PREMIER = 1 complimentary airport lounge visit per quarter (4 per year). PREMIER income ≥ ₹7.2L, 10 RP/₹100. YODDHA/RAKSHAMAH = 8 per year. VARUNAH/ETERNA = Unlimited.BOBCARD PRIME age eligibility is:
✔ Correct: C — 18–85 years
BOBCARD PRIME = 18–85 years. The widest age range of all BoB credit cards — because it is FD-backed with no income proof needed. Other cards: retail = 21–65. Defence cards = 18–70 (mostly).Water resistance rating of bob World Wave smartwatch is:
✔ Correct: C — IP68
bob World Wave has IP68 dust and water resistance rating — the highest consumer rating, allowing immersion in water. Also features 7-day battery life and 1.57-inch full-touch colour display.EaseMyTrip debit card by BoB offers what discount on international flights?
✔ Correct: B — 10% up to ₹5,000
EaseMyTrip BoB debit card: International flights = 10% discount, max ₹5,000. Domestic flights = 10% max ₹1,000. Domestic hotels = 15% max ₹5,000. International hotels = 15% max ₹10,000.International card settlement timeline via e-Gateway is:
✔ Correct: C — T+3
International cards = T+3 working days settlement. Quick rule: Domestic IPG = T+1, Domestic PayPoint = T+2, International = T+3, Aggregator NetBanking IPG = T+2, Aggregator NetBanking PayPoint = T+3.Which of these BoB credit cards is Lifetime Free (LTF)?
✔ Correct: B — VIKRAM, YODDHA, RAKSHAMAH, PRIME are LTF
Lifetime Free (LTF) cards: VIKRAM (Defence/Police), YODDHA (Army), RAKSHAMAH (Coast Guard), PRIME (FD-backed). Paid cards: VARUNAH (₹2,499), ETERNA (₹2,499), others have fees with reversal options.Launch offer price of bob World Wave smartwatch was:
✔ Correct: C — ₹3,499 (launch offer)
bob World Wave: MRP = ₹6,499 | Launch Offer Price = ₹3,499 (including taxes). Charger included. Made in India (GOQii partnership).SmartTrade provides which documents online to corporates?
✔ Correct: C — MIS + SWIFT + Debit advice
BarodaINSTA SmartTrade provides MIS, SWIFT message copies, and debit advice online — eliminating branch visits for corporate trade finance documentation.Which correctly matches BoB products?
✔ Correct: C
Correct mapping: M-Invest = digital mutual fund app (retail). SmartTrade = trade finance portal (corporates/exporters). DigiNext = corporate cash management platform. bob World Tab = assisted digital onboarding.Which statement about BoB Digital Products is CORRECT?
✔ Correct: B — All facts are correct
Correct facts summary: Internet Banking launched 2006 | CBDC issued by RBI | UPI works on IMPS rails | BoB World = “Bank on the Go” | Wave partner = GOQii | UPI Lite = ₹1,000 txn | M-Invest KYC = 2 minutes.⚡
Last-Minute PrepQuick Revision Flash Cards
🌐 Internet Banking
- Launched: 14 Sep 2006
- FEBA upgrade: 25 Nov 2020
- Excluded: ID-MAG (Illiterate, Dormant, Minor<15, Attachment, Inoperative)
- Retail = Individuals | Corporate = Non-individuals
- Corporate: Maker-Checker, Bulk upload, Payroll
📱 BoB World App
- Tagline: “Bank on the Go”
- Upgraded from: M-Connect Plus
- Session timeout: 5 minutes
- Menu: 5 → 10 (after upgrade)
- IMPS Instant: ₹50k/txn, ₹2L/day
- Third Party/NEFT/RTGS: ₹5L/txn, ₹10L/day
💚 UPI / bob इ Pay
- Developed by: NPCI
- Works on: IMPS rails
- BoB’s UPI app: bob इ Pay
- UPI Lite: ₹1k/txn, ₹5k wallet, ₹10k/day
- After PIN reset: ₹5,000 only
- Credit card on UPI: RuPay only
🟣 Digital Rupee (CBDC)
- Issued by: RBI
- BoB CBDC-R launched: 17 Jan 2023
- UPI QR interop: 26 Aug 2023
- Credit card blocked: 25 Jan 2024
- Auto-load: 30 Apr 2024
- UPI = Payment | CBDC = Money
⌚ bob World Wave
- Partner: GOQii (Make in India)
- Contactless (no PIN): ₹5,000
- Daily transactions: 5 max
- POS/E-com max: ₹1,00,000
- Water-proof: IP68
- Launch price: ₹3,499
📋 Tab Banking
- Opens: SB + CA + NRE/NRO + DEMAT
- Modes: Aadhaar OTP, Aadhaar Bio, CKYC
- 22 SB schemes available
- DEMAT via Tab: 30 Jan 2024
- NRE/NRO Tab: 31 Aug 2024
💳 Credit Cards — Key
- Army = YODDHA (10 RP, LTF, ₹20L)
- Coast Guard = RAKSHAMAH (10 RP, LTF)
- Navy = VARUNAH (15 RP, Unlimited, ₹1Cr, ₹2,499)
- PRIME = FD-backed, 18–85yr, LTF, no income proof
- IRCTC = 40 RP on IRCTC bookings
- ETERNA = 15 RP, income ≥₹12L
🏦 Settlement & Products
- Domestic IPG: T+1
- Domestic PayPoint: T+2
- International: T+3
- Refund: 3–5 days
- M-Invest: 2-min KYC, 30-sec invest
- DigiNext: Single file RTGS+NEFT+IMPS+IFT
📌 Must-Know Keywords
Internet Banking = 14 Sep 2006FEBA = 25 Nov 2020
ID-MAG = Excluded from IBBoB World = “Bank on the Go”
Session Timeout = 5 minUPI = NPCI + IMPS rails
UPI Lite = 1-5-10 rulebob इ Pay = BoB’s UPI app
CBDC = RBI issuedCBDC launch = 17 Jan 2023
Wave = GOQii + ₹5k contactlessPRIME = FD ₹15k, LTF, 18–85yr
VARUNAH = Navy, 15 RP, ₹1CrM-Invest = 2min KYC, 30sec invest