Economy
2018
Banking in India
Which one of the following links all the ATMs in India?
C.National Payments Corporation of India
D.Reserve Bank of lndia
A.Indian Banks’ Association
B.National Securities Depository Limit
Correct Answer: Option C
The National Payments Corporation of India (NPCI) links all the ATMs in India.
The National Financial Switch (NFS), the largest network of shared ATMs in India, was originally designed, developed, and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004 to interconnect ATMs and facilitate convenient banking.
NPCI took over the NFS ATM network from IDRBT on December 14, 2009. This network includes approximately 37 members and connects around 50,000 ATMs.
Hence, National Payments Corporation of India is the correct answer.
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