Current Affairs 2019-20 RBI recorded 11.4 lakh transactions in 8 hours after NEFT was made 24/7 operational
Today's top headlines for the Current Affairs for SSC CGL 2020 exams is that RBI has received a total of 11.4 lakh of an online transaction within 8 hours after making NEFT 24*7.
People are becoming digitalized and using the sources the government is providing to them. In Current Affairs 2020, it was recorded that within 8-hour, people have done the transaction of a considerable amount.
The decision of the RBI is successful and is making India's e-payment system stronger than earlier. Even the RBI is suggesting the banks to levy the charges onto the bank accounts for front transfer through NEFT or mobile apps.
RBI is recognizing how people are very used to using e payments because they are comfortable. Along with that, the amount could be transferred very smoothly within seconds without standing in the queues. The sources say that more advancement will be done from January 2020.