National Payment Corporation of India NPCI was incorporated in the year 2005 The organisation was se...........

Static GK (RBI Grade B) Banking Awareness

National Payment Corporation of India (NPCI) was incorporated in the year 2005. The organisation was set up in the supervision of ____.

State Bank of India

Reserve Bank of India

Insurance Regulatory and Development Authority of India

National Bank for Agriculture and Rural Development

Securities and Exchange Board of India

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Explanation:

National Payment Corporation of India (NPCI) was incorporated in the year 2005. The organisation was set up in the supervision of the central bank of India that is Reserve Bank of India. RBI has initiated the idea of setting up the NPCI with the objective of encouraging the Retail Payment System in the nation.