Payment Updating TAT Quiz

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| By Catherine Halcomb

Catherine Halcomb

Community Contributor

Quizzes Created: 1436 | Total Attempts: 6,559,349

Questions: 5 | Attempts: 102 | Updated: Feb 2, 2024

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Questions and Answers

1.

What is Payment Updating TAT for Mobile App.?
- A.
  
  Same day
- B.
  
  24 hrs
- C.
  
  2 hrs
Correct Answer
B. 24 hrs

Explanation
The correct answer is 24 hrs. This means that the Payment Updating Turnaround Time for the Mobile App is 24 hours. This indicates that it takes a maximum of 24 hours for any payment updates made through the mobile app to be processed and reflected in the system.

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2.

What is TAT for Updating Payment for Cash@POs .?
- A.
  
  Same Day
- B.
  
  Next Day
- C.
  
  Instantly
Correct Answer
A. Same Day

Explanation
The TAT (Turnaround Time) for updating payment for Cash@POs is the same day. This means that the payment will be processed and updated on the same day it is made at the Point of Sale (PO). It ensures that there is no delay in reflecting the payment in the system, providing prompt and efficient service to customers.

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3.

What is Payment Updating TAT for AXIS and CPU.?
- A.
  
  1 to 2 days
- B.
  
  2 to 4 days
- C.
  
  3 to 4 days
Correct Answer
C. 3 to 4 days

Explanation
The payment updating TAT for AXIS and CPU is 3 to 4 days. This means that it takes 3 to 4 days for the payment to be updated and reflected in the systems of AXIS and CPU.

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4.

What is Payment Updating TAT for Pay U and Pay TM.?
- A.
  
  2 Hrs
- B.
  
  24 Hrs
- C.
  
  4 Hrs
Correct Answer
B. 24 Hrs

Explanation
The correct answer is 24 Hrs. This means that the Payment Updating Turnaround Time for both Pay U and Pay TM is 24 hours. This indicates that it takes a maximum of 24 hours for the payment to be updated and reflected in the respective accounts or systems of Pay U and Pay TM.

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5.

What is Payment Updating TAT for ICICI Bank.?
- A.
  
  2 to 4 hrs
- B.
  
  3 to 5 hrs
- C.
  
  2 to 3 hrs
Correct Answer
C. 2 to 3 hrs

Explanation
The correct answer is 2 to 3 hrs. This means that the Payment Updating Turnaround Time (TAT) for ICICI Bank is expected to be between 2 to 3 hours. This indicates the average time it takes for payments to be processed and updated in the bank's system.

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Current Version
Feb 02, 2024

Quiz Edited by
ProProfs Editorial Team
Jun 07, 2017

Quiz Created by
Catherine Halcomb

Payment Updating Tat Quiz

What is Payment Updating TAT for Mobile App.?

What is TAT for Updating Payment for Cash@POs .?

What is Payment Updating TAT for AXIS and CPU.?

What is Payment Updating TAT for Pay U and Pay TM.?

What is Payment Updating TAT for ICICI Bank.?