RBI to daily publish data on select payment systems

The Reserve Bank of India will start publishing daily data of select payment systems. The banking regulator has decided to reveal volumes and values of transaction.

RBIRBI’s NEFT & RTGS whereas National Payments Corporation of India’s  AePS, NACH, CTS, IMPS & UPI as well as the cash withdrawal transactions using ATMs and Business Correspondents (BCs) will be a part of the daily data publish plan.

The central bank stated, “The data relating to transactions undertaken during the day will be published on the subsequent working day. Data relating to cards will be published once the daily reporting systems are in place.”

Currently the payment systems data were announced on the monthly as part of the RBI bulletin. RBI in a release said that, “This initiative to disseminate payment systems activities data on a daily frequency is expected to facilitate better research and also contribute to innovations in payment systems. The monthly publication in RBI Bulletin will continue as hitherto.”

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the BFSI industry. Join Us for Elets National CIO Virtual Conclave and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.