Which one of the following links all the ATMs in India ?
Indian Banks’ Association
National Securities Depository Limited
National Payments Corporation of India
Reserve Bank of India
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National Payments Corporation of India (NPCI) is the apex authority for maintaining a nationwide link of all the ATMs in India.
NPCI exercises this role through its wing IDRBT ( Institute for Development of Research in Banking Technology). IDRBT created a massive network called National Financial Switch in the year 2004 for linking all the ATMs in India.
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The National Payments Corporation of India(NPCI) was founded on 2008 for the operation of retail payments in India.
The NPCI provides a variety of services.
They are,
- Rupay: A domestic card scheme.
- BHIM: Unified payment interface.
- Check truncation system
- Aadhar enabled payment system
- National Financial Switch: A service that connects 198,953 ATMs of 449 banks in India.
Therefore, National Financial Switch by the the National Payments Corporation of India links all the ATMs in India.
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