RuPay Card ********* RuPay is the Indian domestic card payment network set up by National Payments Corporation of India

(NPCI) at the behest of banks in India. The RuPay project had been conceived by Indian Banks Association (IBA) and had the approval of Reserve Bank of India (RBI). RuPay LogoNational Payments Corporation of India (NPCI) has a plan to provide a full range of card payment services including the RuPay ATM, RuPay MicroATM, Debit, Prepaid and Credit Cards which will be accepted in India and abroad, across various channels like POS, Internet, IVR and mobile etc. The initial focus of NPCI would be to approach those banks who have not been issuing any payment card at all more specifically Regional Rural Banks (RRBs) and urban co-operative banks. All Public Sector Undertakings (PSU) banks set to join RuPay system by the end of year 2012. RuPay-based debit cards can be used by the consumers on the Internet from September, 2012. The government of India had launched Indias first domestic payment card network, RuPay, to compete with Visa Inc and Mastercard Inc. Objectives of RuPay: *************** The Main Objective of the RuPay payment network project is to reduce the overall transaction cost and develop products appropriate for financial inclusion. 1. Reduce overall transaction cost for the banks in India by introducing competition to international card schemes. 2. Develop products appropriate for the country particularly for financial inclusion. 3. Provide card payment service option to many banks who are currently not eligible for card issuance under the eligibility criteria of international card schemes. 4. Build environment whereby payment information of the country remains within the country 5. Shift Personal Consumption Expenditure (PCE) from cash to electronic payments in a growing economy with a population of 1.2 billion Important Points to Remember: *********************** 1. RuPay is the Indian domestic card payment network.

2. The RuPay payment network set up by National Payments Corporation of India (NPCI) at the behest of banks in India. 3. The RuPay project had been conceived by Indian Banks Association and had the approval of Reserve Bank of India. 4. The main objective of RuPay project is to reduce overall transaction cost for the banks in India by introducing competition to international card schemes. 5. NPCI has plan to provide full range of credit service like RuPay ATM, RuPay MicroATM, Debit, Prepaid and Credit Cards which will be accepted across various channel POS, Internet, IVR, Mobile etc. 6. All state-owned banks are expected to join the RuPay system by the end of this year. 7. RuPay-based debit cards can be used by the consumers on the Internet from September, 2012.

Question Asked in various Interview centers In IBPS PO -3 ****************************************** (1) Tell me About Yourself? (2) Diff bet. GDP & GNP ? (3) What is Boyle's Law? (4) What is law of Motion? (5) then my hobbies? (6) my strengths & weakness? (7) they give me a paper to find hexadecimal of 45? (8) are u a team player? (9) Why u want join banks? (10) can u tell me the statistics about the growth in banks? (11) What is the difference between credit n debit card?? (12) How can an illiterate person use card if he doesnt know how to use it and enter d pin? (13) Is there ant ATM without a PIN? (14) What about d ppl in rural areas who are illiterate and how will they be able to use cards n all.? (15) what is liquidity? (16) who is the regulator of banks? (17) Functions of RBI? (18) Do you have bank a/c? (19) in which bank? (20) which type of account? (21) How much of interest they are giving to you?

(22) What type of Demand Loans are introduced by Andhra bank? (23) do you know about SHG? EXPLAIN IT. (24) what is financial inclusion ? (25) who introduced financial inclusion ? (26) How many type of accounts ? (27) What is priority sector? (28) In education loan there is need of any colletral security ? (29) limit for education loan? (30) what is demat account ? (31) who does open demat account and can a bank it (32) You have done mca in 2011...after it wht u have done ...n why banking ? (33) what is rdbms ? (34) rdbms softwares ? (35) what lastest version of oracle 9i ? (36) what is normalisation ? (37) which N-form most use in normalisation ? (38) is bitcoin ? (39) who is telecommunication minister ? (40) latest news by supreme court about adhar card ? (41) What is a bank?? (42) As a bank employee what should we want to do for bank?? (43) How your field useful to bank?? (44) What is the problems at present public facing in the Public sector banks?? (45) What is your score?? (46) Will you serve in the bank upto the end?? (47) Who is the chairman of SBI?? (48) What is the full form of ATM?? (49) ? (50) (51) (52) (53) (54) (55) (56) (57) SBI (58) (59) ? ? ? ? ? ? ? ? . ? ?

(60) RTI RTE ? (61) You have completed MCA now why u have chosen banking sector ? (62) What is www?

(63) What is CRR and SLR (64) what is augusta westland deal ? (65) Who is the health minister of delhi ? (66) who is chief election commissioner of india ? (67) What is your opinion about arvind kejriwal ? (68) Do u think arvind kejriwal can change the face of Indian politics. (69) Current Repo rate,bank rate,Reverse repo rate ? (70) Your hobbies (71) What have you done in your graduation? (72) Tell me about your fathers profession (73) Who regulates insurance sector? (74) Where is its headquarter? (75) Who regulates share market? (76) Where is its HQ & who is chairman? (77) What is difference between Primary & Secondary market? (78) What is IPO? (79) What is Follow up IPO? If IPO has already issued then what is the need of it? (80) What is RBI? (81) does it regulate cooperative banks also? (82) Do u have any bank account? (83) Who is head of SBI? (84) Have you heard about CSR? (85) Tell me 2 companies which are following CSR? (86) Tell me 2 names of public & pvt banks whos head is a woman (87) Earlier u said that RBI controls monetary policy, when govt. passes the budget then what is the need of monetary policy? (88) what is reverse repo rate? (89) current reverse repo rate is? (90) when RBI borrows from other banks, then money in market increases or decreases? (91) what is LT, ST, MT (92) after that Infrastructure Sector me kuan si financing hoti hai ST,LT (93) Who is the CJI of India. (94) Who is the CVC (95) Who is the CIO (96) Who is the Chief election Officer. (97) What is the function of Financial Management. (98) What is BEP.. (99) who control the working of banks & how (100) Asked me about 2 Rates (101) What is current Bank Rate (102) What are basic A/c Principals.. (103) Liability & assets side of Banks (104) What is Sarfaesi act (105) What is NPA (106) What is the serious problem that the economy is facing (107) What is cad

(108) How can u suit yourself in a bank (109) Where u have worked? (110) After MBA, why you want to join Bank, and how u are useful to us? (111) Difference between Sales and Marketing? (112) Types of customers? (113) Difference between World Bank and IMF? (114) Difference between money Market and Capital market? (115) Last question regarding Bhartiya Mahila Bank? (116) which year you completed your B.com? (117) favorite sub which i told account then they ask why loan and investment come in balance sheet? (118) when i told them but said why it is shown under investment head then i said sorry i dont remember . (119) what is fund flow .. (120) What is your favorite chapter in account i told cost acc.. (121) what is opportunity cost. Absolute cost .. (122) if u take loan from bank which side in balance sheet com .. (123) what u know about banking? (124) how rupees value getting depreciated? i (125) What are the measures to control depreciation . (126) What types of crops in ur region they grow commonly? (127) wht are your hobbies? (128) What are todays headlines? (129) Do you support AAP? (130) Tell me wht is CRR and how RBI uses this as a tool for various purposes?