Which one of the following links all the ATMs in India?
✓ Correct answer: c) National Payments Corporation of India
ExplanationNational Payments Corpor-ation of India (NPCI) op- erates the National Financial Switch (NFS) which is the larg- est network of shared ATMs in India which connects over 265,000 ATMs as of January,2025. NFS facilitates interoper- able cash withdrawal, card-to-card funds transfer, and interop- erable cash deposit transactions, among other services thereby linking ATMs across the country.The National Payments Corporation of India (NPCI) was established by the RBI and the Indian Banks’ Association under the Payment and Settlement Systems Act, 2007 to enhance India’s payment infrastructure.It is incorporated as a “Not for Profit” company under Section 25 of the Companies Act 1956 (now Section 8 of the 2013 Act).The ten core promoter banks are State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank Limited, HDFC Bank Limited, Citibank and HSBC.166
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