Question
On which date was NSDL Payments Bank included in the Second Schedule of the RBI Act, 1934?
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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