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    Question

    On which date was NSDL Payments Bank included in the

    Second Schedule of the RBI Act, 1934?
    A April 1, 2025 Correct Answer Incorrect Answer
    B June 19, 2025 Correct Answer Incorrect Answer
    C July 11, 2025 Correct Answer Incorrect Answer
    D May 31, 2025 Correct Answer Incorrect Answer
    E March 31, 2025 Correct Answer Incorrect Answer

    Solution

    NSDL Payments Bank was officially added to the Second Schedule of the RBI Act, 1934, through a notification dated June 19, 2025. Inclusion in the Second Schedule designates a bank as a "scheduled bank," enabling access to facilities such as borrowing from RBI and participation in clearinghouses.

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