Reserve Bank of India has launched a Digital Payments Index (DPI) to capture the extent of digitization of digital/electronic payments across the country. This RBI-Digital Payments Index (DPI) has 5 broad parameters that will be used for the measurement of deepening and penetration of digital payments.
WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
These parameters and their weightage are as under:
The base period for RBI-DPI is March 2018. This means that the DPI score for March 2018 is set at 100. RBI has calculated the DPI for March 2019 and March 2020 at 153.47 and 207.84 respectively, indicating appreciable growth. RBI-DPI shall be published on a semi-annual basis from March 2021 onwards with a lag of 4 months.
Important takeaways for all competitive exams:
Chinese human-like robots have attracted attention following their participation in a 100-meter dash event where…
The Onam festival of 2026 is being celebrated throughout the state of Kerala through colorful…
The US government has unveiled an operation called Economic Outcast, which is a new global…
The National Security Guard (NSG) has inaugurated the first-ever Mahila Commando Conversion Course (MCCC) at…
National Conclave on Tribal Languages and Museums was launched in the Mysuru, Karnataka, on August…
As per a recent report released by NITI Aayog, close to 8.7 crore Indians between…