BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2016
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2017
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2018
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2019
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Detailed explanation-1: -The pilot launch was on 11th April 2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai. Banks have started to upload their UPI enabled Apps on Google Play store from 25th August, 2016 onwards.
Detailed explanation-2: -Pioneered and developed by National Payments Corporation of India (NPCI), BHIM has been conceived and launched by the Hon’ble Prime Minister of India, Narendra Modi on 30th December 2016 to bring in Financial Inclusion to the nation and a digitally empowered society.
Detailed explanation-3: -UPI LITE was designed by the National Payments Corporation of India (NPCI) and launched by the Reserve Bank of India in September 2022. Paytm adopted and implemented this feature only recently in February 2023.