What is National Payments Corporation of India (NPCI) ?


  • The umbrella organisation for all retail payments system in India,National Payments Corporation of India (NPCI) has reached a major milestone of successfully linking 15 crore bank accounts with Aadhaar number.
  • Beneficiaries of all types of government subsidies /benefit transfers are expected to be brought under the linkage programme very soon.
  • The current focus is on linking the bank accounts of 17 crore DBTL (direct benefit transfer for LPG) beneficiaries with Aadhaar numbers, latest by June 30, 2015.
  • Such a framework of electronic benefit transfer will not only be unique but also be one of the largest in the world.
  • The extent of leakage prevented due to this unique system will be visible on completion of running the scheme for about a year.

What is NPCI ?

  • National Payments Corporation of India (NPCI was incorporated in December 2008.
  • It'sCertificate of Commencement of Business was issued in April 2009. 
  • The company has been incorporated as a Section 25 company under The Companies Act 1956, is now under Section 8 of The Companies Act, 2013.
  • Headquarters Mumbai, Maharashtra, India.
  • Managing Director & CEO - AP Hota. 

  • National Financial Switch (NFS), 
  • Immediate Payment Service (IMPS), 
  • RuPay, Cheque Truncation System (CTS), 
  • Aadhaar Enabled Payment System (AEPS), ACH 


  • The formation of NPCI is aimed to operate for the benefit of all the member banks and their customers.
  • NPCI is now certified for three standards - PCI-DSS (sensitive data security in payment systems), ISO27001 (information security) and ISO 22301 ( business continuity) apart from ISO 9001( Quality Management).
  • NPCI has successfully completed the major project of developing a domestic card payment network called- RuPay.

Services Provied:

  • The corporation service portfolio now and in the future include:
  • National Financial Switch (NFS) which connects 1,87,088 ATMs of 309 banks (89 Member Banks, 220 Sub- Member)
  • Immediate Payment Service (IMPS) provided to 71 member banks, with more than 7.45 crore MMID(Mobile Money Identifier) issued, and crossed 6.5 million transactions.
  • National Automated Clearing House - has close to 400 banks as Live.
  • Aadhaar Payments Bridge System (APBS) has more than 358 banks as Live.
  • Cheque Truncation System (CTS) has fully migrated in southern, western & northern grid from MICR centres.
  • Aadhaar-enabled payment system (AEPS) - has 36 member banks.
  • RuPay - Domestic Card Scheme- has issued over 7.5 crore cards and enabled 10,09,211 PoS terminals in the country.