Background In 2022, the Reserve Bank of India launched the Digital Rupee or e₹ on a pilot basis. It is part of the broad initiative by the Indian government and the RBI to modernise the financial system and enhance financial …
About NPCI The National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. It is an initiative of the RBI and Indian Banks’ Association (IBA) under the …
About UPI Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. This system enables lightning-fast …
About UPI Unified Payments Interface (UPI) is India’s mobile based, fast payment system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address created by the customer. This eliminates the risk of sharing bank account …
About Digital public infrastructure (DPI) refers to digital networks that help provide citizens with social services. Well-known examples include Aadhaar, the United Payments Interface (UPI), and Fastag. India’s DPI, also referred to as India Stack, has enabled online, paperless, and …
About NPCI The National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. It is an initiative of the RBI and Indian Banks’ Association (IBA) under the …
National Pension System NPS, regulated by the Pension Fund Regulatory and Development Authority (PFRDA), is a contributory pension scheme under which employees contribute 10 per cent of their salary. The government contributes 14 per cent towards the employees’ NPS accounts. …
About UPI Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to …