About NPCI
National Payments Corporation of India
(NPCI) is an umbrella organization for all retail payments system in India. It
was set up with the guidance and support of the Reserve Bank of India (RBI) and
Indian Banks’ Association (IBA).
During the last five years, the organization
has grown multi-fold from 2 million transactions a day to 20 million
transactions now. From a single service of switching of inter-bank ATM
transactions, the range of services has grown to Cheque Clearing, Immediate
Payments Service (24x7x365), Automated Clearing House, Electronic Benefit
Transfer and a domestic card payment network named RuPay to provide an
alternative to international card schemes. As on end-October 2015 over 220
Million Indians own RuPay cards.
31.12.2016 onward POSB Debit Card Holder can
withdraw money from any Bank ATM and the same, Any Bank Debit Card Holder can
also use India Post ATM. It is major step taken by Government to utilize DOP ATM
now a days of Demonetization. The India Post has 1000 working ATM across the
country and it can play a big role to reduce burden on Bank ATM.
No comments:
Post a Comment