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Hi friends I am Sarath Chandra Reddy. Today I am sharing important points about Commercial Paper and NPCI. Happy Reading :)
Commercial Paper (CP)
- CP--an unsecured money market instrument issued in the form of a promissory note.
- CP was introduced ----1990.
- Who can issue CP----Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs).
- Corporate-- audited balance sheet, is not less than Rs. 4 crore only eligible.
- CP is ----Money market instrument
- CP is ----Short-term borrowing.
- Requirement for issuance of CP--must have CRISIL(or)CARE(or) ICRA's minimum rating-----A-2
- Minimum period of maturity ---- 7days
- Maximum period of maturity -------1 year
- Denominations a CP--Rs.5 lakh or multiples thereof.
- CP issue remain open---2 weeks
- Issuing and Paying Agent (IPA)---Only a scheduled bank
- FIMMDA---Fixed Income Money Market and Derivatives Association of India
- IPA---the Issuing and Paying Agent
NPCI (National Payments Corporation of India)
Umbrella organization for all retail payments system in India---NPCI
It was set up with the guidance and support of ----RBI,IBA
NPCI Started--- 2009
NPCI Headquarters---Mumbai
It was registered under--- Section 25 company under Companies Act 1956
The authorized capital of NPCI---- Rs 300 cr
The paid up capital of NPCI-------- Rs 100 cr
The Chairman----- Shri Balachandran M
MD & CEO-----Shri A. P. Hota
Domestic card payment network by NPCI----RuPay
NPCI Promotors---10 banks--SBI,PNB,CAN,BOB,UBI,BOI,ICICI,HDFC,Citi,HSBC
AEPS--- Aadhaar Enabled Payment System
BFD----Best finger detection---highest probability of matching
ON-US transaction---intra-bank---Same bank
OFF-US transaction--- inter-bank---one bank to another
APBS--- Aadhaar Payment Bridge System
AEBA---Aadhaar Enabled Bank Accounts
IIN--Institution Identification Number---Issued by NPCI
Who is operationalise CTS---NPCI
UPI--Unified Payments Interface(The Future of Payment)
The limit of fund transfer using UPI---- 1 Lakh.
The largest network of shared automated teller machines (ATMs) ---NPS(national payment system)
IMPS--Real time payment service that is available round the clock by--NPCI
MMID--Mobile Money Identifier
MMID--Seven digit number of which the first four digits are the unique identification number of the bank offering IMPS
NUUP--National Unified USSD Platform--*99#
Knowing their Aadhaar Seeding status with their bank account--Query Service on Aadhaar Mapper (QSAM)
QSAM (TO know aadhar linked to bank or not)---dialling-- *99*99#
NACH---National Automated Clearing House--2 types NACH (Debit) & NACH (Credit)
NACH(Debit) & NACH (Credit) aims at facilitating interbank high volume, low value debit/credit
transactions, which are repetitive in nature, electronically using the NPCI service
UMRN---Unique Mandate Reference Number--20 digit unique number for each mandate---NACH Debit
Format of UMRN is : First four digit of debtor bank IFSCcode + First + First four digit of digit of creditor bank IFSC code creditor bank IFSC code +12 digit will be running digit will be running
sequence number .
For Ex:HDFCICIC000000000001
The Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI)---RuPay
“RuPay” is the coinage of two terms Rupee and Payment
CVD---Card Validation Data--It's a three digit number printed on the back of the card same as CVV
Bill payment system by NPCI--BBPS--Bharat Bill Payment System-- single brand image
BBPCU---Bharat Bill Payment Central Unit
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