FreeCurrencyRates.com

इंडियन आवाज़     28 May 2017 08:14:10      انڈین آواز

RBI asks banks to organize special camps to educate about digital payments

RBI

The Reserve Bank of India has asked bank-operated Financial Literacy Centers, FLCs and rural branches to organize special camps starting from April 1 to educate public about digital payments through Unified Payments Interface, UPI and Unstructured Supplementary Service Data-based,USSD, “*99#” service code platforms. The camps will be conducted for one year.

The RBI said that the policy on conducting such camps has been revised given the recent developments after demonetarization and focus on going digital. The Unified Payments Interface or the UPI through which the RBI wishes to encourage the payment during the camps, is a system that powers multiple bank accounts into a single mobile application. While the *99# USSD is a telecom service for fund transfer that works without internet.digital-card

Besides these special camps, RBI said FLCs will continue to conduct the tailored camps for five target groups like farmers, small entrepreneurs, school children, senior citizens and Self Help Groups. Furthermore, banks are henceforth required to conduct only one camp per month on the third Friday of each month after branch hours.

Ad
Ad
Ad
Ad

SPORTS

Team India arrive in England for Champions Trophy

Team India, led by Virat Kohli, arrived in England today ahead of their title defence of the ICC Champions Tro ...

ICC Cricket Committee recommends DRS for T20 Internationals

The ICC Cricket Committee chaired by India's head coach Anil Kumble has made a host of recommendations at its ...

Ad

Archive

May 2017
M T W T F S S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031  

OPEN HOUSE

NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...

@Powered By: Logicsart