Reserve Bank of India allows cooperative banks to issue mobile wallets
Posted on:26 May 2017 15:43:53
Free Current Affairs to Your Email
26 May 2017 Current Affairs:
Reserve Bank of India decided to permit all licensed cooperative banks having their own ATM network to issue semi-closed prepaid payment instruments (PPI)s like mobile wallets.
A notification has been issued by RBI which enlists strict norms and conditions to be followed by cooperative banks before permitting them to issue wallets for utility bill payments and other activities up to a limit of Rs 10,000.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.