NPCI(National Payments Corporation of India)
India’s retail payment and settlement systems are handled by the National Payments Corporation of India (NPCI), an umbrella company. The Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) established it in 2008 with the goal of building a strong, effective, and safe payments system for the nation.
In India, NPCI is essential to advancing financial inclusion and digital transactions.
Important Information
Established: 2008
promoted by the Indian Banks’ Association (IBA) and the Reserve Bank of India (RBI).
Head office: Mumbai, India
Type: As defined by Section 8 of the Companies Act of 2013, a non-profit organization.
🚀 Key Items from NPCI
These are a few of NPCI’s most notable inventions:
Product Overview: Unified Payments Interface (UPI) Mobile IMPS (Immediate Payment Service) payments made in real time between banks Instant money transfer service available around-the-clock
India’s home card payment network, RuPay
BHIM App, NPCI’s UPI transaction mobile app
Adhaar Enabled Payment System, or AePS Using Aadhaar authentication for banking
National Automated Clearing House, or NACH payments in bulk, such as EMIs, salaries, and subsidies made through the National Electronic Toll Collection (NETC) Highway toll payments dependent on FASTag.
🎯 NPCI’s objectives
Create and advertise digital payment methods that are secure, reasonably priced, and instantaneous.
Encourage the government’s initiatives for financial inclusion and Digital India.
Reduce India’s economy’s reliance on cash and checks.
For Bank limits and UPI rule you can visit:-
https://cleartax.in/s/upi-transaction-charges
NPCI Launches offline UPI payment in India for Digital Transformation:-
UPI Payments in To increase the reach of India’s Unified Payments Interface (UPI) system, the National Payments Corporation of India (NPCI) has implemented an offline UPI transaction feature that allows digital payments in places with little to no internet connectivity. The move comes after NPCI’s larger efforts to improve payment security and usability.
UPI to get faster from 16-17 june :- Designed to Improve User Experience.. says NPCI source.
The modifications, which take effect on June 16th, are intended to improve the user experience on all platforms, including Google Pay, PayTM, and Phone Pe. This update will speed up routine tasks including verifying the address for pay or collect requests and checking transaction history or status, per NPCI circulars. The approximate response time was shortened from 30 to 10 seconds.
It is anticipated that this action will help PSPs, beneficiary banks, remitter banks, and users alike
An Airplane world safest passengers transport !
Are UPI Payment Transaction Chargeable Free or Not?
Its Totally free for non Merchant User. For merchant user digital wallet charge apply above Rs 2000 daily limit.
How does UPI define a Prepaid Payment Instrument (PPI)?
Digital wallets that enable real-time online payments and money storage are known as Prepaid Payment Instruments (PPI) in UPI. PPIs also include wallets, smart cards, preloaded gift cards, vouchers, and magnetized chips.
When a transaction is completed through a wallet, such as a PhonePe wallet, by scanning a UPI QR code, PPI payments are issued.
2025 UPI Transaction Limit Per Day
Each bank in the UPI network sets its own daily UPI transaction limit, which differs from bank to bank. The National Payments Corporation of India (NPCI) has set a global UPI transaction restriction of ₹1 lakh per day for 2025.
For more info you can read :-
NPCI-Press-release-NPCI-and-IDRBT-Sign-MoU-to-Jointly-Advance-Payment-Security-and-Cyber-Resilience https://www.npci.org.in/npci-in-news/press-releases
For more update, follow us:- https://x.com/techpaisa24
