Question

    What is the new exemption threshold for contactless card transactions under the RBI's proposed Alternative Factor Authentication for digital payments?

    A ₹5,000 Correct Answer Incorrect Answer
    B ₹2,000 Correct Answer Incorrect Answer
    C ₹3,000 Correct Answer Incorrect Answer
    D ₹10,000 Correct Answer Incorrect Answer
    E ₹15,000 Correct Answer Incorrect Answer

    Solution

    The proposal exempts contactless card transactions below ₹5,000 from the new requirement of additional factor authentication.

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