City
Epaper

RBI encourages people to use digital mode of payment in wake of Covid-19

By Lokmat English Desk | Updated: March 16, 2020 18:38 IST

In the wake of Covid-19, the Reserve Bank of India on Monday issued a press release that stated, RBI ...

Open in App

In the wake of Covid-19, the Reserve Bank of India on Monday issued a press release that stated, 

RBI wishes to bring to the notice of the general public that non-cash digital payment options (like NEFT, IMPS, UPI and BBPS) are available round the clock to facilitate fund transfers, purchase of goods / services, payment of bills, etc. In the context of the efforts to limit the fallout of the corona virus pandemic by avoiding social contact and visit to public places, public can use these modes of digital payment from the convenience of their homes through online channels like mobile banking, internet banking, cards, etc. and avoid using cash which may require going to crowded places for sending money or paying bills.

Tags: Reserve Bank Of IndiaCovid-19Coronavirus
Open in App

Related Stories

MaharashtraMaharashtra Reports 12 New COVID-19 Cases, One Death in 24 Hours

NationalRBI Appoints Kesavan Ramachandran as Executive Director

NationalKarnataka: Over 20 Die of Heart Attacks in 40 Days in Hassan District; Probe Ordered

MumbaiMumbai: BMC Confirms Zero New COVID-19 Cases in Mumbai, No Concerning Variants Detected

MaharashtraMaharashtra COVID-19 Update: State Reports 13 New Cases, One Death

कारोबार Realted Stories

BusinessHandlooms Commissioner calls for reinvention to match changing consumer demands

BusinessMP CM meets global industry leaders on 2nd day of Spain visit

BusinessLTIMindtree’s net profit up over 10 pc to Rs 1,255 crore in Q1

BusinessHeritage Foods’ Q1 net profit drops 31 pc to Rs 40.5 crore

BusinessHAL receives first set of wing assemblies for LCA Mk1A from L&T