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InterviewSolution
| 1. |
In order to encourage the deployment of Points of Sale infrastructure in smaller cities and towns, RBI has initiated with how much Payments Infrastructure Development Fund? |
| Answer» In order to encourage the deployment of Points of Sale infrastructure in smaller cities and towns, the Reserve Bank of India has initiated with Rs 500-crore Payments Infrastructure Development Fund (PIDF with an initial contribution of Rs 250 crore . The remaining amount will be contributed by card issuing banks and card networks working in the country. | |