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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.

Question:

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

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