NPCI Archive
Positive Pay System for CTS and Banks
Positive Pay System for Cheque Truncation System (CTS) is the concept muted by Reserve Bank of India, banking regulator, to make cheque based transactions safer by minimising frauds. The plan to introduce Positive Pay System for Cheque
National Financial Switch (NFS)
National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India. Thus, NFS functions as the backbone of Indian ATM network. NFS was designed and implemented by the Institute for Development and
30 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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APBS & AEPS (Aadhaar Payment Bridge System & Aadhaar Enabled Payment System)
Aadhaar Payment Bridge System (APBS) and Aadhaar Enabled Payment System (AEPS), leverage the power of the unique Aadhaar number issued by UIDAI (Unique Identification Authority of India). AEPS and ABPS were introduced by NPCI for payment services.
29 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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National Automated Clearing House (NACH) & Electronic Clearance Service (ECS)
National Automated Clearing House (NACH) is a web based solution implemented by National Payments Corporation of India (NPCI) for addressing recurring, interbank, high volume electronic transactions. It is an improved and much efficient version of Electronic Clearance
28 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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Immediate Payment Service (IMPS)
Immediate Payment Service (IMPS) is a robust and real time payment service that has transformed the payments and settlements systems in India. The facility was launched by the National Payments Corporation of India (NPCI) on 22nd November,
23 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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Unified Payment Interface (UPI): A Digital Banking Catalyst
Unified Payment Interface (UPI) is an outstanding payment system that has evolved as the backbone of digital banking in India. UPI allows the user to transfer funds money from his account to that of the payee in
Tez: Google Payment App
Tez is the Unified Payments Interface (UPI) based digital payment service launched by Google. It was launched o 18 September 20017. Tez means speed in Urdu.To capture a major share of the digital payment market in India,
Aadhaar Seeding – NPCI Clarification on Explicit Consent of Customer
Aadhaar linking with bank accounts and Aadhaar seeding Aadhaar seeding is the process of including the Aadhaar number in the database of service providers to enable transfer of money, subsidy amount or any other government benefit to
National Payments Corporation of India (NPCI)
National Payments Corporation of India (NPCI) is an organisation promoted by ten banks with the objective of stimulating and integrating digital payment system in India. The Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) extend
Lucky Grahak Yojana: Reward Scheme For Promotion of Digital Payments
Lucky Grahak Yojana ( for consumers) and Digi Dhan Vyapar Yojana (for merchants) are two schemes announced by Government of India. The objective of the schemes is encouraging people to migrate to cashless digital payment mode. Government
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