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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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