JAIIB · PPB · Chapter 46

Digital Payment Systems and NPCI

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.

1 practice test 60 one-liners 1 PDF note
Quick revision

One-liners from this chapter

Free sample — 8 of 60 rapid-fire Q&A cards.

Q

ECS (Debit/Credit) — Operator / Regulator / Used For?

A

Operator: Banks via RBI; Regulator: RBI; Used For: Bulk debit/credit (now largely migrated to NACH)

Q

RTGS — Operator / Regulator / Used For?

A

Operator: RBI; Regulator: RBI; Used For: High-value real-time, ≥ ₹2 lakh, 24×7 since Dec 2020

Q

NEFT — Operator / Regulator / Used For?

A

Operator: RBI; Regulator: RBI; Used For: Any value retail, 24×7 since Dec 2019

Q

CTS — Operator / Regulator / Used For?

A

Operator: NPCI (regional grids); Regulator: RBI; Used For: Cheque image-based clearing, pan-India one-grid since Sep 2021

Q

IMPS — Operator / Regulator / Used For?

A

Operator: NPCI; Regulator: RBI; Used For: Instant interbank, 24×7, multi-channel

Q

UPI — Operator / Regulator / Used For?

A

Operator: NPCI; Regulator: RBI; Used For: Account-to-account real-time via VPA/QR

Q

NACH — Operator / Regulator / Used For?

A

Operator: NPCI; Regulator: RBI; Used For: Bulk repetitive interbank credits/debits

Q

Cards (Credit/Debit/PPI) — Operator / Regulator / Used For?

A

Operator: Banks/PPI Issuers; Regulator: RBI; Used For: Card-based payments

Unlock all 60 one-liners

Self-quiz mode with hidden answers + printable deck.

Open the deck
Test yourself

MCQ practice tests

Chapter-wise mock tests with instant scoring.

Practice test
# 1
24Q 24m
Start
Read & revise

PDF study notes

46c Ppb Digital Payment Systems Npci 168 KB
Previous chapter Data Communication Network and Eft Systems Next chapter Impact of Technology Adoption and Trends in Banking Technology

More chapters in Module C - Banking Technology

2. Operational Aspects of CBS Environment 4. Data Communication Network and EFT Systems 6. Impact of Technology Adoption and Trends in Banking Technolo... 7. Security Considerations and Mitigation Measures in Banks 8. Operational Aspects of Cyber Crimes / Fraud Risk Management... 43. Operational Aspects of CBS Environment (V2) 45. Data Communication Network and Eft Systems 47. Impact of Technology Adoption and Trends in Banking Technolo... 48. Security Considerations and Mitigation Measures in Banks 49. Operational Aspects of Cyber Crimes Fraud Risk Management in...
Read more

Related articles & notes

In-depth Principles and Practices of Banking guides from our blog.

See all Principles and Practices of Banking articles →
DICGC deposit insurance cover: limit and rules for JAIIB PPB Aug 18, 2026 Standing Instructions and Mandates in Bank Accounts (JAIIB PPB) Aug 17, 2026 JAIIB PPB: demand draft issuance and cancellation rules explained Aug 15, 2026 Bank Locker Liability Cap Rules Every JAIIB Aspirant Must Know Aug 13, 2026

Master the full PPB syllabus

Every chapter of Principles and Practices of Banking — videos, tests, notes and one-liner decks in one place.

Browse the full subject Explore JAIIB courses 💬 Ask a doubt about this chapter