New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    NPCI sets_____ as a deadline to activate offline

    payments on RuPay cards.
    A December 31 ,2022 Correct Answer Incorrect Answer
    B October 31,2022 Correct Answer Incorrect Answer
    C November 30,2022 Correct Answer Incorrect Answer
    D January 1,2023 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The National Payments Corporation of India (NPCI) has set October 31 as the deadline for banks to activate offline transactions on RuPay cards, which will happen faster than a blink of an eye: at 500 milliseconds. By the end of the NPCI’s October 31 deadline, banks will have to be compliant with the National Common Mobility Card (NCMC) protocols — key to One Nation, One Card.RuPay cards not compliant will have to be re-carded. Also, existing RuPay card holders not having NCMC have to be given options to opt for it across customer touchpoints.

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