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An operator that wants to stop operating applies for:
AVoluntary substitution
BVoluntary surrender
CVoluntary suspension
DVoluntary settlement
Answer & Solution
Correct answer: B. Voluntary surrender
1. The operator must approach the Reserve Bank.
2. The application concerns its certificate.
3. It applies for voluntary surrender of its CoA.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
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