CompanyRBI / Reserve Bank of India
Reserve Bank of India
The central bank of India, responsible for formulating and implementing monetary policy, supervising the financial system, and jointly holding NPCI together with the Indian banking industry.
Timeline (last 90 days)
Oct 28
Since 2018, the Reserve Bank of India has required payment system data to be stored domestically.
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Sep 15
According to calculations by the Reserve Bank of India (RBI), the total processing cost per UPI transaction is approximately 0.25 to 0.45 rupees
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