Internet banking

NPCI
• RBI + IBA
• Section 25, Companies act 1956.
• Section 8, companies act 2013.

• Ten core promoter banks are

• SBI, PNB, Canara Bank, BOB, UBI, ICICI, HDFC, Citibank and HSBC

• chairman Shri Biswamohan Mahapatra

• HQ Mumbai
QSAM query scheme of AADHAR Mapper
• *99*99# and know adhar seeding status.
MMID
• MONEY MOBILE IDENTIFIER

• 7 digit number of bank customer. First four digits--- unique

identification number offering you IMPS.

• Every bank has only one MMID.

Asian Clearing Union
• Tehran, Iran on Dec 9. 1974

• United Nations and Social commission for Asia and Pacific

• payments among member countries

• members- india, pak, maldives, myanmar, srilanka, bhutan,

bangladesh, iran, nepal etc.
USSD
• UNSTRUCTURED SUPPLEMENTARY SERVICE DATA

• Transmits information by GSM Network channels, voice calls by

phone.

• Uses MMID, IFSC code or adhar no.

• limit *99# 5000 rs

Payment and settlement act 2007
• regulation and supervision of payment systems in india

• BPSS board
BBPS
• Bharat bill payment service.

• bill can be paid anywhere and any time

• fraud monitoring, risk mitigation etc.

• Retail points for bill payments.

UPI
• UNIFIED PAYMENT INTERFACE

• LIMIT 1 lakh
Bhim
• Bharat interface for Money

• Digital transactions by signing up for UPI based payments

• 10,000 - 20,000 limit within 24 hours.

IMPS
• Immediate payment service

• RBI authorised PPI