NPCI Current Affairs, GK & News

NPCI

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, ..

Govt asks NPCI to start Electronic Vaccine Vouchers

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

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

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

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”

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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