GK Question

technology medium mcq

Which NPCI product enables interoperable cash withdrawals at any bank's ATM using any bank's card?

  1. NFS
  2. UPI
  3. IMPS
  4. RuPay

Answer: NFS

NFS (National Financial Switch) is NPCI's largest ATM network in India, enabling interoperability so customers can withdraw cash from any bank's ATM using their debit card. Connects over 2.5 lakh ATMs. RuPay is card network, UPI/IMPS are fund transfer systems. NFS handles ATM transaction routing and settlement.

Topic Digital Payments
Exam Relevance Banking, SSC, Railway