Immediate Mobile Payment Service (IMPS) Subject – Economy Context – RBI hikes IMPS daily transaction limit to ₹5 lakh Concept – The Reserve Bank of India on Friday announced a proposal to increase the per-transaction limit for the Immediate Payment Service (IMPS) from ₹2 lakh to ₹5 lakh for channels other than SMS […]

    RBI turns to mopping up liquidity Subject – Economy Context – Monetary Policy Committee (MPC) decided to keep the repo rate unchanged and retain the accommodative policy stance. Concept – To know about Monetary Policy Committee, please click here. To know about Accommodative monetary policy, please click here. To know about Repo Rate, […]

    Daily Practice Sheet 9 October 2021   Daily Prelims Topic RBI ends G-SAP RBI hikes IMPS daily transaction limit to ₹5 lakh (What’s the Difference between NEFT, RTGS and IMPS?) What RBI keeping rates unchanged means for you ‘Pregnant women with Covid can pass on antibodies to foetus Power cuts mount in northern […]