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National Payments Corporation of India (NPCI) an umbrella organisation for operating retail payments and settlement systems in India under the provisions of the Payment and Settlement Systems Act, 2007 , for creating a robust Payment & Settlement Infrastructure in India. Founded in 2008 , the NPCI is a not-for-profit organisation registered under Section 8 of the Companies Act 2013 , established by the Reserve Bank of India and Indian Banks' Association. NPCI has rolled out a variety of innovative retail payment products viz., IMPS, RuPay card scheme, UPI, NACH, Aadhaar-enabled Payments System (AePS), Aadhaar Payments Bridge System (APBS), NETC, *99# (USSD based) and BBPS etc.
A man invested certain sum at 5% p.a. simple interest for his son who was 10 years old. If the amount received by the son when he was 30 years old is Rs...
The sum at a certain rate of simple interest becomes Rs. 14880 after 3 years and Rs,16800 after 5 years. Find the simple interest on the same sum at 10%...
Two cousins, P and Q, made investments in two separate SIPs with different simple interest rates of 12% per annum and 15% per annum, respectively. After...
Rs. 8500 is invested in scheme ‘A’ for 2 years and Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 13% ...
An initial investment made at a 25% annual interest rate, compounded semi-annually, grows to Rs. 10,125 after one year. How much simple interest would t...
Anita and Rohan each invested a sum of ₹12,000 for 2.5 years at 20% compound interest per annum. However, while for Anita the interest was compounded ...
Calculate the value of 'a' if 'P' initially had Rs. 'a' and invested 45% of this amount in a PF A with a simple interest rate of 35% per annum and the r...
'X' deposited Rs.24000 at 20% per annum compound interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total...
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2100 after 3 years. If the same amount is investe...
Some amount out of Rs. 24000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amou...