NPCI reaches new milestone

Q.  Name the country's umbrella body for all retail payments system that has reached a new milestone with successful linking of 15 crore bank accounts with the Aadhaar numbers?
- Published on 28 Mar 15

a. National Retail Corporation
b. Reserve bank of India
c. National Securities Depository Ltd
d. National Payments Corporation

ANSWER: National Payments Corporation
 
NPCI chief A P Hota, in a statement said this electronic benefit transfer programme will not only be unique but also be one of the largest in the world. NPCI is the nodal agency for all retail payment system under the Jan Dhan scheme.

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