Multiple Choice Questions on lsquo SIM Binding rsquo is a new feature launched by which bank for its mobile banking customers ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

lsquo SIM Binding rsquo is a new feature launched by which bank for its mobile banking customers ........

Current GK ( Master) Banking Awareness
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    ‘SIM Binding’ is a new feature, launched by which bank for its mobile banking customers ?

    HDFC Bank

    Incorrect Answer

    IDBI Bank

    Incorrect Answer

    State Bank of India

    Correct Answer

    ICICI Bank

    Incorrect Answer
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    Explanation:
    • India’s largest lender State Bank of India (SBI) has launched a new and enhanced security feature for its YONO and YONO Lite apps, called ‘SIM Binding’, to protect customers from various digital frauds. 
    • Under the new SIM Binding feature, the YONO and YONO Lite apps will work only on those devices which have SIM of mobile numbers registered with the Bank.
    • The main aim of the new version of the platform is to provide enhanced security to customers and help them with convenient and safe online banking experience.

    By: Rohit Middha
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