RBI’s Payment Systems Report – June 2025 is the definitive source for current trends in the Indian financial landscape. In this comprehensive guide, we cover the 73 most critical questions derived directly from the official report. This resource is specifically designed for aspirants of RBI Grade B, SBI PO, IBPS PO, and RBI Assistant exams to help you secure maximum marks in the General Awareness and Finance sections.
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Q1Which payment system is described as having "completely transformed digital payments in India", and promoted a diversified and inclusive payments ecosystem?Q2What is the primary legal foundation for the regulation and supervision of payment and settlement systems in India?Q3Following an amendment to the PSS Act, 2007, which entity replaced the erstwhile Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), effective May 2025?Q4Who serves as the chairman of the Payments Regulatory Board (PRB), the designated authority for regulating payment systems, under the PSS Act, 2007?Q5In the decade ending 2024 (2014-2024), what was the Compound Annual Growth Rate (CAGR), for digital payments in India, in terms of volume?Q6Which of the following is identified as a major milestone in the evolution of India's Real Time Gross Settlement (RTGS) system?Q7What is a key Reserve Bank of India initiative, related to the Unified Payments Interface (UPI), aimed at improving cross-border payments?Q8During H1 2025, what percentage of the total payment volume did the Unified Payments Interface (UPI) account for?Q9During H1 2025, what percentage of the total payment value did the Real Time Gross Settlement (RTGS) system account for?Q10What was the share of National Electronic Funds Transfer (NEFT), in terms of total payment value, during H1 2025?Q11What trend was observed in the transaction volume for paper-based instruments, including cheques, over the last three half-years (from H1-2024 to H1-2025)?Q12What was the daily average transaction value for Total Payments (which includes all digital and paper-based instruments), during H1-2025?Q13How are "Retail Payments" defined, for the purpose of the payment system statistics?Q14According to the data on payment system infrastructure as of June 2025, which two categories registered a decline in their outstanding numbers, compared to December 2024?Q15What is the primary purpose of Large Value Payment Systems (LVPS), also referred to as wholesale payment systems?Q16In India, which two entities operate the Large Value Payment Systems (LVPS)?Q17Who is identified as the owner and operator of India's primary large-value payment system, the Real Time Gross Settlement (RTGS)?Q18What is the primary purpose of Retail Payment Systems?Q19Retail Payment Systems are characterised by their ability to handle …… transactions efficiently.Q20Which retail payment system is specifically mentioned as enabling the disbursal of government subsidies, and Direct Benefit Transfers (DBT)?Q21What is the upper transaction limit imposed by the Reserve Bank of India (RBI) for funds transfers through the National Electronic Funds Transfer (NEFT) system?Q22What was the total value of transactions processed by the National Electronic Funds Transfer (NEFT) system, during the first half (H1) of CY 2025?Q23What was the total volume of Unified Payments Interface (UPI) transactions recorded in the first half (H1) of CY 2025?Q24What is the individual transaction limit for the Immediate Payment Service (I M P S) across all channels, except for SMS and IVR?Q25How did the total transaction value of the Immediate Payment Service (I M P S) change, during the period from Calendar Year (CY) 2019 to CY 2024?Q26What is the Aadhaar-enabled Payment System (AePS)?Q27Which of the following statements correctly describe the NACH transaction types?Q28Government's Direct Benefit Transfer (DBT) payouts are processed through the NACH Credit mechanism, while DBT-related transactions are processed through the …… system.Q29What technology does the National Electronic Toll Collection (NETC) system use, to enable electronic payments at toll plazas, without the vehicle stopping?Q30What was the total number of outstanding FASTags issued as of June 2025?Q31How many toll plazas were onboarded to the National Electronic Toll Collection (NETC) infrastructure, as of June 2025?Q32What is the Bharat Bill Payment System (BBPS)?Q33Which entity operates the Bharat Bill Payment System (BBPS)?Q34As of June 2025, what was the total number of outstanding debit cards in India?Q35What was the total value of credit card transactions recorded in Calendar Year (CY) 2024?Q36Which bank group experienced a steep decline in its share of outstanding credit cards, from 11.7 per cent in June 2020, to 4.1 per cent in June 2025?Q37What was the market share of Private Sector Banks in outstanding credit cards, as of June 2025?Q38What trend was observed in debit card transactions from Calendar Year (CY) 2019 to CY 2024?Q39Which bank group dominates the debit card space, holding 63.5 per cent of outstanding cards as of June 2025, even though its market share has declined since 2020?Q40What is the primary function of Card-on-File Tokenisation (CoFT), as introduced by the Reserve Bank of India in 2021?Q41As per the March 2024 instructions, what choice must card issuers (with over 10 lakh active cards) provide to their eligible customers, at the time of issue or renewal?Q42What was the primary objective of launching the Payments Infrastructure Development Fund (PIDF) in January 2021?Q43To encourage the use of UPI Lite, what were the per-transaction and total limits enhanced to, in December 2024?Q44In February 2025, which category of banks was newly permitted to offer pre-sanctioned credit lines on UPI?Q45In December 2024, the Additional Factor of Authentication (AFA) exemption limit for e-mandates was increased to ₹1 lakh, for which specific categories of recurring transactions?Q46As a major regulatory development in H1 2025, what change was made regarding UPI transaction limits?Q47Following the regulatory developments in H1 2025 that allowed NPCI to set P2M limits, what is the transaction limit for Person to Person (P2P) payments in UPI?Q48RTGS is designated as a Financial Market Infrastructure (FMI) and a Systematically Important Payment System (SIPS). What other designation does it hold?Q49What is the minimum amount that can be transferred for a customer transaction through the RTGS system?Q50What are the minimum and maximum limits for interbank transactions within the RTGS system?
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Frequently Asked Questions
Why is the RBI’s Payment Systems Report – June 2025 important for exams?
It contains the latest data on UPI, RTGS, and NEFT, which are high-probability topics for the General Awareness section of RBI Grade B and SBI PO exams.
What is the most important finding in the RBI’s Payment Systems Report – June 2025?
The massive 52.5% CAGR in digital payment volumes and the dominance of UPI (85% volume share) are the most critical findings.
Does the report cover new regulatory bodies?
Yes, the RBI’s Payment Systems Report – June 2025 highlights the establishment of the Payments Regulatory Board (PRB) replacing the BPSS.
Are the statistics for H1 2025 or the full year?
The report primarily analyzes data for the first half (H1) of 2025 and the preceding decade ending 2024.
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