It is overseen by the National Payments Corporation of India (NPCI) and is based upon the current National Financial Switch organize. In 2010, the NPCI at first completed a pilot for the versatile installment framework with 4 part banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and extended it to incorporate Yes Bank, Axis Bank and HDFC Bank soon thereafter. Demons was freely propelled on November 22, 2010. At present, there are 53 business banks, 101 Rural/District/Urban and agreeable banks, and 24 PPIi pursued the IMPS administration.

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Last-modified: 2020-07-30 (Thu) 06:15:38 (216d)