3 Indian & AP Economy and Planning · 3.4.2 Banking and financial inclusion

3.4.2.8 Payment systems: NPCI, UPI, RTGS, NEFT and digital payments

RBI runs the large-value systems (RTGS, NEFT) while NPCI runs retail systems such as UPI, IMPS and RuPay; UPI processed about 24,162 crore transactions worth ₹314 lakh crore in 2025-26.

  • APPSC Group 1
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • NPCI
  • UPI
  • RTGS
  • NEFT
  • IMPS
  • NACH
  • RuPay
  • BHIM
  • FASTag
  • BBPS
  • PSS Act

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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