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Electronic payments and fund transfers need authentication that is:

AMulti-function
BMulti-factor
CMulti-format
DMulti-feature
Answer & Solution
Correct answer: B. Multi-factor
1. The rule covers ATM and micro-ATM withdrawals too. 2. It applies through digital payment applications. 3. Multi-factor authentication is required. _Source: Reserve Bank of India (Commercial Banks - Digital Payment Security Controls) Directions, 2026_
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