Normal 0 false false false EN US X NONE X NONE Which of the following statements regarding NPCI is ...........

Economic Affairs Financial Institutions

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Which of the following statements regarding NPCI is incorrect

It is a body under RBI

Rupay card scheme was developed by NPCI

National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India

All are correct

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Explanation:

Explanation: The National Payments Corporation of India (NPCI) is an umbrella organization for all retail payment systems in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA). It is owned by a consortium of major banks in India. Hence statement 1 is incorrect.

By: Cammy Garg

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Yashica sharma

Here also, option D is correct because statement B is correct as rupay card scheme was developed by NPCI, and also option c is correct, NPCI is umbrella organization . kindly specify the correct answer.