Question

Which type of payment is the Reserve Bank of India (RBI)

Q: Answer-Which type of payment is the Reserve Bank of India (RBI) not responsible for regulating directly?

Explanation The RBI does not directly regulate cross-border payments, which typically involve foreign exchange regulations under FEMA and are overseen in coordination with authorized dealers banks and global SWIFT mechanisms. Domestic payment systems like UPI, RTGS, and NEFT fall under RBIs direct oversight.

not responsible for regulating directly?

A Domestic UPI payments

B RTGS payments

C NEFT transfers

D Cross-border remittances

E IMPS transactions

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Which type of payment is the Reserve Bank of India (RBI)

Solution