The Reserve Bank of India launched a twitter campaign urging bank customers to adopt digital modes of payment that are convenient and safe. RBI emphasised on transacting digitally as it gives the convenience of making payments anytime and anywhere. Through the campaign, RBI reiterated the multiple digital payment options such as NEFT, IMPS, UPI and BBPS that are available 24*7. The face of the campaign is Bollywood actor Amitabh Bachchan.
The usage of digital modes to make transactions has become all the more important as the ongoing 21-day nationwide lockdown, imposed to maintain social distancing to contain the spread of the coronavirus, has restricted the movement of people.
Important takeaways for all competitive exams:
- RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.