Question
What mobile number verification tool has RBI directed
banks to use to prevent digital fraud?Solution
To curb digital fraud, the RBI has issued guidelines requiring banks and financial entities to use the Mobile Number Revocation List (MNRL). This system, which is part of the Digital Intelligence Platform (DIP) developed by the Department of Telecommunications (DoT), helps identify revoked mobile numbers and prevents misuse by fraudsters or money mules.
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