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Latest Posts Under: Reserve Bank of India

With the rural population as the primary target of the App, one can use this App directly from the phone with the phone number as the payment address. The e-wallet App developed by the National Payment Corporation of India (NPCI) is an Aadhaar-based payments app and is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts. These are the features that make the App user-friendly. The BHIM app is about 2MB in size and has a simple interface for ease of use on […]

Post demonetisation, Government of India has been taking various measures to encourage the use of electronic transaction to replace the use of liquid cash. There has been a lot of campaigning to encourage online transactions in rural areas as well. Narendra Modi’s first Dil Ki Baat post demonetisation focussed on youth educating the masses about the usage of online transactions. The Traffic Police of Maharashtra recently started using electronic challan machine and many states are working on replicating the same and there has been extensive […]

The Reserve Bank of India in an announcement on 4th December informed that new Rs 20 and Rs 50 banknotes in the Mahatma Gandhi series-2005 will soon be issued. The bank stated that all the banknotes of Rs 20 and Rs 50 issued by the Bank in the past will continue to be legal tender. “The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels, bearing signature of Dr […]

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