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The instruments can require significant documentation and mediation from both parties involved and historically, they have been more of a side-line market in the wider foreign exchange sphere, making them less liquid and less transparent, and also making it far easier to move markets.
It was introduced by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI). Electronic Mandate (eMandate) works as a standing instruction that allows banks to automatically debit the specified amount as recurring payments from your bank account. Aadhaar Card You must possess a valid Aadhaar card.
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