To watch full video click on the link below- https://youtu.be/RRgkQ7lSdqM NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India. It functions under provision of Payment and Settlement Systems Act, 2007. It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013). Facilitates easy access to online payment services with variety of banking products and services. Products offered by NPCI IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year. NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking. AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant. CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance. UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address. Thank you for Watching Subscribe to DevTech Finance

1. DEVTECH FINANCE
NPCINATIONAL
PAYMENT
CORPORATION
OF INDIA
BANKING
MADE EASY

2. NATIONAL PAYMENT CORPORATION OF INDIA
• NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking
Association (IBA) is an umbrella organization for operating retail payments
and settlement systems in India.
• It functions under provision of Payment and Settlement Systems Act, 2007.
• It is a not-for-profit organization set up under the provisions of Section 25 of
Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
• Facilitates easy access to online payment services with variety of banking
products and services.

3. MAJOR PRODUCTS OFFERED BY NPCI
• IMPS (Immediate Payment Service) is an instant payment inter-bank
electronic funds transfer system in India. Unlike NEFT and RTGS, the
service is available 24*7 throughout the year.
• NFS (National Financial Switch) is the largest network of shared ATMs in
India facilitating convenience banking.
• AePS (Aadhaar-enabled Payment Service) is a bank led model that
allows financial transaction at PoS of any bank using the Aadhaar
authentication through the retail merchant.
• CTS (Cheque Truncation System) facilitates uses of digital signature or
encryption methods to prevent manipulation of data during transition of
cheque clearance.
• UPI (Unique Payments Interface) is a system that makes multiple bank
accounts to be accessed from a single mobile application using mobile no.
or UPI id as unique transaction address.

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FINANCE