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Which is given as an example of a dynamic authentication method?
AAn ATM
BAn IFSC
CAn NEFT
DAn OTP
Answer & Solution
Correct answer: D. An OTP
1. Biometrics and hardware tokens are other examples.
2. So is an EMV chip card with server side verification.
3. A one-time password is the simplest example.
_Source: Reserve Bank of India (Commercial Banks - Digital Payment Security Controls) Directions, 2026_
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