Start learning 50% faster. Sign in now
• Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) signed and exchanged Terms of Reference (ToR) to integrate fast payment systems of India and Nepal through Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal. • The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers. • The collaboration between India and Nepal in linking their fast payment systems through the UPI-NPI linkage would further deepen financial connectivity and “reinforce the enduring historical, cultural, and economic ties between the two countries. Learn Along: About UPI • Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. • It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience. • NPCI conducted a pilot launch with 21 member banks. The pilot launch was on 11th April 2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai. About RBI Founded: 1 April 1935 Headquarters: Mumbai Governor: Shaktikanta Das
Which of the following is the first hybrid of sunflower released in India?
Katte disease of cardamom is transmitted by which insect?
Match List-I with List-II
Choose the correct answer fr...
At what temperature is retting in jute typically done?
A true fruit is developed:
Indole 3-pyruvate is the primary intermediate of______ biosynthesis.
What does 'NREGP' stand for?
What are located between the compound eyes which may be variable in number, but never exceed three in number? Function appears to aid the insect in dete...
Which of the following sequence regarding dominant trait in pea plant is incorrect?
Under which act was the Central Pollution Control Board (CPCB) constituted in September 1974?