what do you feel about debit card challenge?
Answers
Answer:
Let us imagine that the balance in the account is Rs. 4000000.00 (Rupees forty lakhs only)
Now the person who receives the debit card along with PIN number can go to different automated teller machines and withdraw cash upto Rs. 40000.00 per day (let us imagine that the limit per day is Rs. 40000)
He can do so for one hundred days.
We do not know as to how he is going to spend the money.
He should be alert in the following situations:
The wealthy man can block the card duly informing the bank that his card has been stolen and this can be at any time
He can file one FIR that his card has been stolen by somebody and some amount is missing in the account
The Police can arrest the recipient by the help of CCTV footages and the recipient can spend sometime between the bars
How can the recipient prove that he has been given the card by the wealthy person?
What is the consideration between the wealthy person and the recipient?
Is there any written contract/letter or any other document supporting the transfer of debit card?
Unquote:
There is no something for nothing. Everything has its own price and value
Explanation:
ok thanks