Which one of the following links all the ATMs in India?
- AIndian Banks' Association
- BNational Securities Depository Limited
- CNational Payments Corporation of IndiaCorrect
- DReserve Bank of India
Explanation
The National Payments Corporation of India (NPCI) is the umbrella organization for operating retail payments and settlement systems in India. It developed and operates the National Financial Switch (NFS), which is the largest network of shared automated teller machines (ATMs) in India. NFS facilitates interoperability, allowing customers of one bank to transact at the ATMs of other banks.
Indian Banks' Association (IBA) is a representative body of management of banking in India. National Securities Depository Limited (NSDL) is a securities depository in India. Reserve Bank of India (RBI) is the central bank and regulator of payment systems, but NPCI is the operational entity for ATM interlinking.
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