question_answer

As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw upto "1,000 using their debit cards from notified shops/ stores all over the country. All such shops / stores will have 'POS' terminals for the same. What is full form of the 'POS'? [Allahabad Bank 2010]

A)  Payment on Sale          

B)  Power of Sale

C)  Point of Sale                

D)  Payment Order Service

E)  None of these