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Reserve Bank Measures Raised Online Transactions

The Reserve Bank of India in February 2010 made it mandatory for banks to introduce an additional password for online transactions. Following this measure number of online transactions moved up both in terms of volume and value in the past few months.

Oct 23, 2010 19:04 IST
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The Reserve Bank of India in February 2010 made it mandatory for banks to introduce an additional password for online transactions. Following this measure number of online transactions moved up both in terms of volume and value in the past few months. The customers feel more comfortable with the additional authentication rule introduced in August 2009.