New 55% Off on All Courses - Enroll Now! Click Here

    Question

    National Payments Corporation of India has set which

    date as the deadline for banks to activate offline transactions on RuPay cards, which will happen faster than a blink of an eye: at 500 milliseconds?
    A 10 Oct Correct Answer Incorrect Answer
    B 15 Oct Correct Answer Incorrect Answer
    C 20 Oct Correct Answer Incorrect Answer
    D 25 Oct Correct Answer Incorrect Answer
    E 31 Oct Correct Answer Incorrect Answer

    Solution

    The National Payments Corporation of India (NPCI) has set October 31 as the deadline for banks to activate offline transactions on RuPay cards, which will happen faster than a blink of an eye: at 500 milliseconds. By the end of the NPCI’s October 31 deadline, banks will have to be compliant with the National Common Mobility Card (NCMC) protocols — key to One Nation, One Card.RuPay cards not compliant will have to be re-carded. Also, existing RuPay card holders not having NCMC have to be given options to opt for it across customer touchpoints. Learn Along: National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA). NPCI Headquarters: Mumbai MD & CEO: Dilip Asbe National Common Mobility Card (NCMC) is an inter-operable transport card conceived by the Ministry of Housing and Urban Affairs of the Government of India. It was launched on 4th  March 2019. The transport card enables the user to pay for travel, toll duties (toll tax), retail shopping and withdraw money.It is enabled through the RuPay card mechanism.

    Practice Next

    Relevant for Exams: