Which one of the following links all the ATMs in India ?
A
Indian Banks' Association
B
National Securities Depository Limited
C
National Payments Corporation of India
Correct Answer
D
Reserve Bank of India
Explanation
The National Payments Corporation of India (NPCI) is the correct answer because it operates the National Financial Switch (NFS), the largest network of shared ATMs in India that facilitates inter-bank transactions and interoperability. While the Reserve Bank of India (Option d) is the central regulator that oversees the banking sector, it does not directly manage the operational infrastructure for retail payments. The core concept being tested is the institutional framework of India’s retail payment and settlement systems.
Indian EconomyBanking & Financial InfrastructureATMsIndiaIndian Banks' AssociationNational Securities Depository LimitedNational Payments Corporation of India (NPCI)Reserve Bank of India (RBI)Payment systems