Reserve Bank of India
The Reserve Bank of India (RBI) is India's central bank. It sets monetary policy, issues the rupee, and regulates payment systems.
The RBI oversees UPI and other rails such as RTGS and NEFT. Official site: Reserve Bank of India.
Related Terms
Central Bank
A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...
INR
Indian Rupee
INR is the official currency of India. It's managed by the Reserve Bank of India and is one of the m...
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
UPI
Unified Payments Interface
UPI is India's real-time payments system that enables instant transfers between bank accounts using ...
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