Bank Exams Exam > Bank Exams Notes > SBI PO Prelims & Mains Preparation > National Payment Corporation Of India (NPCI)
National Payment Corporation Of India (NPCI) | SBI PO Prelims & Mains Preparation - Bank Exams PDF Download
Introduction
National Payments Corporation of India (NPCI) is a national level payment system which manages all types of electronic retail payments. It is owned by a group of promoter banks and was set up under the guidance and support of the reserve bank of India (RBI) and Indian banks’ association (IBA). The BHIM app, Unified Payments Interface (UPI) which aims at cashless society in the country is the recent work of NPCI.
Objective
The objective was to integrate the various financial organisations which offer varying services, into a nation-wide uniform and standard business platform for all retail payment systems. It provides unrestricted access to e-payment services. It also facilitates an affordable payment mechanism to benefit the common man across the country and help financial inclusion, direct cash transfer, subsidy allocation etc.Background
- After establishing the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) in 2005, RBI proposed to set up an umbrella institution for all the RETAIL PAYMENT SYSTEMS in the country.
- NPCI was incorporated in December 2008 and the Certificate of Commencement of Business was issued in April 2009 under Section 25 , Companies Act 1956 (now Section 8 of Companies Act 2013)
- It operates for the benefit of all the member banks and their customers.
- The authorized capital was Rs 300 crore and paid up capital was Rs 100 crore.
Promoter Banks of NPCI
NPCI has ten promoter banks namely, State Bank of India, Bank of Baroda, Union Bank of India, Canara Bank, Bank of India, Citibank , Punjab National Bank, ICICI Bank, HDFC Bank, and HSBC.Board of Members:
- The Board constitutes of:
- Shri Balachandran M as the Chairman,
- Nominee from RBI,
- Nominees from ten core promoter banks,
- Two Independent Directors and
- Shri A. P. Hota, Managing Director and Chief Executive Officer, NPCI.
Services Offered
- From a single service of switching of inter-bank ATM transactions, the range of services has grown to
- National Financial Switch (NFS) - provides e-commerce transactions with interbank payment gateway and shared ATMs.
- BHIM- mobile app based on UPI
- Unified Payment Interface (UPI)- fund transfer using mobile based payment method
- Immediate Payments Service (IMPS) – provides electronic fund transfer payment mechanics through usage of mobile phones, internet banking and ATM
- *99# - provides banking services to common man which works on USSD channel.
- National Automated Clearing House (NACH)- facilitates high volume interbank transactions which occur repetitively.
- Cheque Truncation System (CTS)- clearing cheques using online image basis
- Aadhaar Enabled Payment System (AEPS)- provides point of sales transactions with Aadhar enabled number.
- RuPay- domestic card payment network provided at very low transaction cost
- Bharat Bill Payment system (BBPS) – unified platform for bill payment system in the country.
LOGO:
NPCI logos signify the speed at which the organization is achieving new milestones adding to set higher benchmarks to match global standards. The shades Blue, Saffron and Green represent the colours of the Indian flag.
HEAD QUARTER: Mumbai, Maharashtra
The document National Payment Corporation Of India (NPCI) | SBI PO Prelims & Mains Preparation - Bank Exams is a part of the Bank Exams Course SBI PO Prelims & Mains Preparation.
All you need of Bank Exams at this link: Bank Exams
|
628 videos|824 docs|280 tests
|
Related Exams
About this Document
|
4.76/5 Rating |
|
Nov 22, 2024 Last updated |
Document Description: National Payment Corporation Of India (NPCI) for Bank Exams 2024 is part of SBI PO Prelims & Mains Preparation preparation.
The notes and questions for National Payment Corporation Of India (NPCI) have been prepared according to the Bank Exams exam syllabus. Information about National Payment Corporation Of India (NPCI) covers topics
like Introduction and National Payment Corporation Of India (NPCI) Example, for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for National Payment Corporation Of India (NPCI).
Introduction of National Payment Corporation Of India (NPCI) in English is available as part of our SBI PO Prelims & Mains Preparation
for Bank Exams & National Payment Corporation Of India (NPCI) in Hindi for SBI PO Prelims & Mains Preparation course.
Download more important topics related with notes, lectures and mock test series for Bank Exams
Exam by signing up for free. Bank Exams: National Payment Corporation Of India (NPCI) | SBI PO Prelims & Mains Preparation - Bank Exams
Description
Full syllabus notes, lecture & questions for National Payment Corporation Of India (NPCI) | SBI PO Prelims & Mains Preparation - Bank Exams - Bank Exams | Plus excerises question with solution to help you revise complete syllabus for SBI PO Prelims & Mains Preparation | Best notes, free PDF download
Information about National Payment Corporation Of India (NPCI)
In this doc you can find the meaning of National Payment Corporation Of India (NPCI) defined & explained in the simplest way possible. Besides explaining types of
National Payment Corporation Of India (NPCI) theory, EduRev gives you an ample number of questions to practice National Payment Corporation Of India (NPCI) tests, examples and also practice Bank Exams
tests
|
628 videos|824 docs|280 tests
|
Download as PDF
|
Explore Courses for Bank Exams exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,Exam
,past year papers
,ppt
,Sample Paper
,Summary
,Previous Year Questions with Solutions
,Semester Notes
,Objective type Questions
,National Payment Corporation Of India (NPCI) | SBI PO Prelims & Mains Preparation - Bank Exams
,mock tests for examination
,National Payment Corporation Of India (NPCI) | SBI PO Prelims & Mains Preparation - Bank Exams
,National Payment Corporation Of India (NPCI) | SBI PO Prelims & Mains Preparation - Bank Exams
,study material
,Important questions
,video lectures
,Free
,practice quizzes
,Extra Questions
,Viva Questions
,shortcuts and tricks
;
Additional Information about National Payment Corporation Of India (NPCI) for Bank Exams Preparation
National Payment Corporation Of India (NPCI) Free PDF Download
The National Payment Corporation Of India (NPCI) is an invaluable resource that delves deep into the core of the Bank Exams exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the National Payment Corporation Of India (NPCI) now and kickstart your journey towards success in the Bank Exams exam.
Importance of National Payment Corporation Of India (NPCI)
The importance of National Payment Corporation Of India (NPCI) cannot be overstated, especially for Bank Exams aspirants.
This document holds the key to success in the Bank Exams exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
National Payment Corporation Of India (NPCI) Notes
National Payment Corporation Of India (NPCI) Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to National Payment Corporation Of India (NPCI).
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, National Payment Corporation Of India (NPCI) Notes on EduRev are your ultimate resource for success.
National Payment Corporation Of India (NPCI) Bank Exams Questions
The "National Payment Corporation Of India (NPCI) Bank Exams Questions" guide is a valuable resource for all aspiring students preparing for the
Bank Exams exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study National Payment Corporation Of India (NPCI) on the App
Students of Bank Exams can study National Payment Corporation Of India (NPCI) alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the National Payment Corporation Of India (NPCI),
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of National Payment Corporation Of India (NPCI) is prepared as per the latest Bank Exams syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup