Payment Systems & Digital Banking
Complete Banking Awareness study module covering India's payment architecture, NEFT, RTGS, IMPS, UPI, BHIM, cards, AePS, APBS, NACH, Bharat Connect, NETC, e-RUPI, CBDC, Account Aggregators and digital lending.
Exam importance: VERY HIGH — IBPS PO/CSA, SBI PO/Clerk, IBPS RRB, Specialist Officer IT and other banking exams with financial awareness.
Recommended foundations: Banking structure (BA-02), deposits and accounts (BA-05), financial inclusion/JAM (BA-09).
Module objective. Understand how money moves in India: who authorises payment systems; how a payment instruction is initiated, cleared and settled; why NEFT, RTGS, IMPS and UPI differ; how cards, Aadhaar-based payments and recurring/bill/toll systems work; and how newer financial technology such as CBDC, Account Aggregators and digital lending fits into the regulated banking ecosystem.
Learning outcomes
After completing the module, you should be able to:
Chapters
India's Payment-System Architecture: RBI, PSS Act and NPCI
India's Payment-System Architecture: RBI, PSS Act and NPCI. A detailed chapter in Payment Systems & Digital Banking, with explanations and examples for Indian banking examinations.
NEFT and RTGS
NEFT and RTGS. A detailed chapter in Payment Systems & Digital Banking, with explanations and examples for Indian banking examinations.
IMPS, UPI and BHIM
IMPS, UPI and BHIM. A detailed chapter in Payment Systems & Digital Banking, with explanations and examples for Indian banking examinations.
Cards, RuPay, ATMs, POS and Contactless Payments
Cards, RuPay, ATMs, POS and Contactless Payments. A detailed chapter in Payment Systems & Digital Banking, with explanations and examples for Indian banking examinations.
AePS, APBS and Aadhaar-Enabled Banking
AePS, APBS and Aadhaar-Enabled Banking. A detailed chapter in Payment Systems & Digital Banking, with explanations and examples for Indian banking examinations.
NACH, Bharat Connect, NETC and e-RUPI
NACH, Bharat Connect, NETC and e-RUPI. A detailed chapter in Payment Systems & Digital Banking, with explanations and examples for Indian banking examinations.
CBDC, FinTech, Account Aggregators and Digital Lending
CBDC, FinTech, Account Aggregators and Digital Lending. A detailed chapter in Payment Systems & Digital Banking, with explanations and examples for Indian banking examinations.