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Generating a one-time password counts as which kind of transaction?
ANon-financial
BNon-fiduciary
CNon-functional
DNon-formatted
Answer & Solution
Correct answer: A. Non-financial
1. No money moves when a password is generated.
2. Balance enquiry and mini-statement are grouped with it.
3. These are non-financial transactions.
_Source: Reserve Bank of India (Commercial Banks - Digital Payment Security Controls) Directions, 2026_
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