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• Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) signed and exchanged Terms of Reference (ToR) to integrate fast payment systems of India and Nepal through Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal. • The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers. • The collaboration between India and Nepal in linking their fast payment systems through the UPI-NPI linkage would further deepen financial connectivity and “reinforce the enduring historical, cultural, and economic ties between the two countries. Learn Along: About UPI • Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. • It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience. • NPCI conducted a pilot launch with 21 member banks. The pilot launch was on 11th April 2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai. About RBI Founded: 1 April 1935 Headquarters: Mumbai Governor: Shaktikanta Das
What is the full form of PMGKY?
Which of the following is the highest mountain in Bhutan?
The judges of the Supreme Court hold office till they reach the age of _______.
In which year Timur’s invasion of Delhi took place?
How many manned missions successfully landed humans on the Moon as part of the Apollo program?
Who established the Chishti sect in India?
Which of the following states has zero Scheduled Tribe population as per Census 2011?
In July 2020, Prime Minister Narendra Modi inaugurated the new Supreme Court Building of ______ which was completed with Indian assistance.
Which of the following agreements between India and Pakistan is also known as the 'Nehru-Liaquat Agreement'?
The pilot of CBDC in the wholesale segment, known as the Digital Rupee -Wholesale (e₹-W), was launched on November 1, 2022, with use cases being limit...