The question asks to identify the organization responsible for introducing NACH 3.0, aimed at improving bank transaction speed and security.
NPCI Introduced NACH 3.0 for Enhanced Banking
The National Payments Corporation of India (NPCI) is the entity that introduced NACH 3.0. NPCI manages various retail payment systems in India and is responsible for the development and enhancement of the National Automated Clearing House (NACH) system.
NACH 3.0 Features
- Purpose: NACH 3.0 was launched to facilitate faster and more secure bank transactions.
- System Upgrade: It represents an upgrade to the existing NACH system, improving its efficiency and security protocols.
- Launching Body: The initiative was spearheaded by the National Payments Corporation of India (NPCI).
Therefore, the correct option is the one that identifies the National Payments Corporation of India.
Correct Answer: Option C: National Payments Corporation of IndiaImportant Questions from Banking
The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:
Which two entities collaborated to launch the FIRST EA₹N Credit Card?
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
What is the primary objective of the renewed partnership between SBI Payments and Pine Labs?
