Discussion
RBI guidelines for Mobile Banking Services prescribe a ceiling of ________ per transaction for financial transactions using *99# service.
Answer: B
Correct answer: Rs. 5000
The RBI caps a financial transaction done over the *99# (USSD) channel at ₹5,000. The channel exists for feature phones with no internet, so the limit is deliberately modest - the security of a USSD session is weaker than that of an app.
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