Policy

NPCI brings all 56 regional rural banks under RuPay network

National Payments Corporation of India brings all 56 regional rural banks under RuPay network
NPCI brings all 56 regional rural banks under RuPay network

National Payments Corporation of India (NPCI) said it has enabled all 56 regional rural banks under its central payment systems network with RuPay cards and access to National Automated Clearing House service.

With this, 12 crore customers at 19,000 bank branches of all 56 regional rural banks (RRBs) would be part of the national network of electronic payment systems.

"The divide between big banks and regional rural banks (RRBs) are no longer valid. This will boost the ecosystem in creating a less-cash society," said AP Hota, NPCI Managing Director and CEO.

NPCI, which was set up in 2009 as infrastructure for various retail payment systems in the country, was envisaged by the Reserve Bank of India (RBI) as the payment utility for all banks in the country.

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