Question
Consider the following statements regarding the RBIās
e-Kuber platform and recent government directives: 1. From July 16, 2025, all government payments above ā¹75 crore must be routed through the RBIās e-Kuber platform. 2. Earlier, only payments above ā¹500 crore were mandated to be processed through e-Kuber. 3. The e-Kuber system allows account matching and settlement within 7 days. Which of the statements given above is/are correct?Solution
ā¢ Statement 1 is correct: As per the latest directive, from July 16, 2025, all government payments above ā¹75 crore will mandatorily be routed through the RBIās e-Kuber platform. This ensures transparency and better oversight. ā¢ Statement 2 is correct: Previously, the requirement applied only to government payments above ā¹500 crore. The threshold has now been lowered to ā¹75 crore, and there are indications that it may further drop to ā¹50 crore in the future. ā¢ Statement 3 is incorrect: The e-Kuber system enables account matching within 24 hours, not 7 days. This quick settlement reduces administrative delays and errors. Thus, the correct combination is 1 and 2 only.
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