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Biometric authentication cost should not be passed to customer


Emphasising that there is need for a stronger biometric authenticationmechanism, Rajya Sabha MP Rajeev Chandrasekhar said cost for addition of infrastructure for this should not be passed on to bank customers. 

"While there is a need for a much stronger authentication mechanism and customer security-- such a proposal, without adequate capital for such massive infrastructure requirement, will result in a high cost burden for the entire banking system, which will ultimately have to be borne by the hundreds of million of account holders in the country," he said. 

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