What is RuPay Debit Card?
Ans. Rupay Debit Card is an indigenous domestic debit card introduced by National Payment Corporation of India (NPCI). This card is accepted at all ATMs (for cash withdrawal) and at most of the PoS machines (for making cashless payment for purchases) in the country.
(contents from the government site at pmjdy.gov.in)
What is BSBDA Account?
Ans. Basic Savings Bank Deposit Account (BSBDA) has been defined by RBI vide its circular dated 10.08.2012. Its salient features are: • There is no requirement of minimum balance. • The services available include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of collection/deposit of cheques. • Maximum of 4 withdrawals a month including ATM withdrawal. No such limit for deposits. • Facility of ATM card or ATM-cum-Debit card. • These facilities are to be provided without any extracost.
The accounts opened under the Pradhan Mantri Jan Dhan Yojana is a BSDA account.
. (contents from the government site at pmjdy.gov.in)
RTGS stands for Real Time Gross Settlement. For an authoritative FAQ check
HERE a RBI FAQ.
For Wikipedia article, which contains a wider perspective Check
HERE.
The Wikipedia Article contains points which makes it an important topic for preparation. Check
here Economic Times article of this year.
Check the following two links in order to understand the concept of Basel Accords. They are related to Banking. In light of the world economic crisis, an understanding of Basel Accords and especially Basel III which comes into force from 2013 to 2018.
Wikipedia Article Further links within in the article can be explored for a wider perception especially Basel II and Basel III.
Hindu Article.
General Information
UPSC has taken initiative to display Last Year Question Papers of CS, CDS, NDA, CMS, Engineering Service on its site. Check them out at www.upsc.gov.in. The files are PDF.
go to www.upsc.gov.in and check what is new.
