2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Syndicate Bank
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IDBI Bank
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RBL Bank
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Kotak Mahindra Bank
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Detailed explanation-1: -Kotak Mahindra Bank (Kotak) announced the launch of an industry-first debit card-based authentication solution on NPCI’s e-Mandate API platform.
Detailed explanation-2: -SiHub E-Mandate solution enables a Debit Cardholder to provide e-Mandate on his/her Debit Card for regular/recurring payment transactions. As per the mandate provided to Bank, post validation through Additional Factor Authentication, recurring transaction will be carried out on the due date.
Detailed explanation-3: -Subscription/Recurring Payment is a payment method under RBI’s e-mandate guideline, where you register your Kotak Bank Credit/Debit card on a merchant’s app/website. Once registered, your payments get automatically debited at pre-defined intervals.
Detailed explanation-4: -Central Bank. Standard Chartered. Indian Overseas Bank (IOB).
Detailed explanation-5: -ICICI Bank partners with NPCI to launch RuPay credit cards.