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MMID stands for ___

  • A.Mortgage Money Identifier
  • B.Maturity Money Identifier
  • C.Mobile Money Identifier
  • D.All of these

Answer: C

Correct answer: Mobile Money Identifier

MMID is the Mobile Money Identifier, a 7-digit number issued by a bank against a customer’s account. Combined with the registered mobile number it identifies the account for an IMPS transfer, so the sender needs neither the account number nor the IFSC.

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