Financial Inclusion

Aadhaar Saturation in India: Background, Importance and Current Status

Aadhaar is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI) to residents of India. The primary goal of Aadhaar is to create...

December 26, 2024

RBI Increases UPI Lite Wallet and Transaction Limits

The Reserve Bank of India (RBI) has raised the UPI Lite wallet limit from ₹2,000 to ₹5,000, which aims to encourage digital transactions. The new rules were announced...

December 6, 2024

India’s UPI Achieves Record Transactions in October

India’s Unified Payments Interface (UPI) reached a milestone in October 2024, recording 16.58 billion transactions in one month. This marks a 45% increase from the previous year. The...

December 4, 2024

What is Aadhaar Enabled Payment System (AEPS)?

The Aadhaar Enabled Payment System (AEPS) is transforming banking access in rural and semi-urban regions. It utilizes Aadhaar numbers and biometric authentication for seamless transactions. This system promotes...

November 26, 2024

Promoting Digital Transactions in India

Digital transactions involve the electronic exchange of money or information for goods and services. In India, push towards digital transactions has occurred, especially after 2016. This shift was...

December 25, 2016

Transforming Banking Services in India

Banking plays important role in economic development and financial inclusion. It provides essential services to individuals and businesses, facilitating growth and stability. Historical Context Pre-Independence Banking Landscape Before...

August 14, 2016

India’s Gold Monetisation Initiatives

Gold monetisation initiatives are government schemes in India which aim to mobilise the vast amounts of gold held by individuals and institutions. The goal is to enhance liquidity...

October 31, 2015