NPCI Current Affairs, GK & News

NPCI

March 8, 2021

NPCI or National payments Corporation of India is a non-profit company for operating retail payments in India. It was established under the Payments and Settlement Systems Act, 2007 in the year 2008. It is an initiative of RBI and the Indian Banks Association. It is headquartered in Mumbai. Bharat Bill Payment System, RuPay, BHIM, UPI, ..

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RBI’s Digital Payment Index

January 20, 2022

The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online transactions was 304.06 in September 2021. It was 270.59 in March 2021. In September 2020, ..

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Govt asks NPCI to start Electronic Vaccine Vouchers

July 3, 2021

Government has asked National Payments Corporation of India (NPCI) to launch platform for electronic vaccine vouchers. What are Electronic Vaccine Vouchers? These vouchers are like electronic prepaid instruments which can be used only for vaccination. Employers can purchase these vouchers in bulk. Vouchers will be sent to smartphone or feature phone of employee. Employee will ..

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CBSE-NPCI launches Financial literacy curriculum for students

July 1, 2021

Central Board of Secondary Education (CBSE) and National Payments Corporation of India (NPCI) have partnered to introduce a financial literacy curriculum for students of Class VI. Financial Literacy Textbook It was launched as part of new elective ‘financial literacy’ subject which will enable students to understand basic financial concepts at preliminary stage of their education. ..

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RBI Positive Pay System

December 22, 2020

The Reserve Bank of India is to introduce “Positive Pay System” from January 1, 2021 for cheque transactions above Rs 50,000. This is to be done to enhance safety and eliminate frauds. What is Positive Pay System? It is a process of reconfirming key details of large-value cheques. The large value cheques are those where ..

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RuPay Contactless (Offline) feature

December 18, 2020

National Payments Corporation of India (NPCI) has recently rolled out RuPay Contactless (Offline) feature. The RuPay prepaid card was introduced by NPCI in the year 2014, to offer the feature of one card for all payments. Various features are being added to the card since then. Key Features of RuPay Contactless The new feature called ..

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NPCI launches “Rupay Festive Carnival”

October 28, 2020

The National Payments Corporation of India (NPCI) launched ‘RuPay Festive Carnival’. What are the Key Features of Rupay Festive Carnival? The ‘RuPay Festive Carnival’ will give compelling advantage and interesting discounts to RuPay users. It aimed at contactless, motivating safe and cashless payments. RuPay cardholders can revel in celebrations by helping attractive offers. The card ..

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