2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ICICI Bank
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Kotak Mahindra Bank
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HDFC Bank
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Axis Bank
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Detailed explanation-1: -Kotak has become the first Destination Bank to go live with both Net Banking and Debit Card-based e-mandate authentication.
Detailed explanation-2: -ICICI Bank was the first to introduce a debit card in India.
Detailed explanation-3: -Kotak Mahindra Bank recently launched its ‘Veer’ credit card in partnership with the National Payments Corporation of India (NPCI). This is the first credit card that the private lender has introduced on the RuPay platform.
Detailed explanation-4: -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-5: -E-Mandate registration is REAL Time for 36 Banks as mentioned in previous question.