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Chqbook and NSDL Join Hands to Launch Zero-Balance DCA

Published on November 04, 2022
Current Context: The neobank, Chqbook, and the National Securities Depository Ltd. (NSDL) Payments Bank partnered to launch a zero-balance Digital Current Account (DCA).
Chqbook and NSDL Join Hands to Launch Zero-Balance DCA
  • The Chqbook’s ‘current account for businesses” will allow small businesses viz. Kirana stores, Chemist shops, etc. to make deposits and withdrawals.
  • It will also accept Unified Payment Interface (UPI) transactions.
  • Small business owners can instantly open a current account on the Chqbook application, which is available in eight different languages.
  • The following features will be offered by the digital current account:
  1. Downloading Account Statements
  2. Adding and Managing Beneficiaries
  3. Transaction History
  4. Biometric Security
  5. Easy Fund Transfers
  6. Point of Sale Machine
  • Chqbook is a neobank for small business owners that was established in 2020 with its headquarters in Gurugram, Haryana. The current CEO of the digital bank is Vipul Sharma.


Q.1 The Chqbook App is available in how many languages?
a. 5
b. 6
c. 7
d. 8

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