National Payments Corporation of India Current Affairs - 2019

Category Wise PDF Compilations available at This Link

RBI constitutes high-level committee to review ATM charges

The Reserve Bank of India (RBI) has constituted a high-level committee under the chairmanship of VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review the entire gamut of ATM charges and fees. Key Highlights Background: There are around 2 lakh ATMs in India. At end of April 2019, there were over 88.47 crore debit Read More…

Month:  Categories: Business, Economy & BankingUPSC

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RBI Eases Business Guidelines for White Label ATMs

The Reserve Bank of India (RBI) has eased business guidelines for white label ATMs. These new guidelines increase the avenues of revenue earning for the white label ATMs. What are White Label ATMs? Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called White Label ATMs. These White Label ATMs provide Read More…

Month:  Categories: Business, Economy & Banking

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National Common Mobility Card

Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC), which can be used to make payments across public transport anywhere in the country, including Metro, bus and suburban railways, for toll and parking, and for retail like any credit or debit card. National Common Mobility Card The National Common Mobility Card (NCMC) was Read More…

Month:  Categories: Business, Economy & BankingUPSC

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