Jagran Josh Logo

NPCI Launched Aadhaar-Based Remittance and Query Service

Oct 10, 2013 15:37 IST

Top Picks :  Corporate Current Affairs , October 2013 Current Affairs , Business | Industry News , 2013 Current Affairs

The National Payments Corporation of India launched two new services- an Aadhaar-based Remittance Service (ABRS) and a Query Service on Aadhaar Mapper (QSAM) on 9 October 2013. The National Payments Corporation of India started its function in the year 2009. It was established as the hub for all the electronic retail payment systems.

The Aadhaar-based Remittance Service (ABRS) as of now has been launched with Bank of Baroda, Union Bank of India, State Bank of India, ICICI Bank, Mehsana Urban Co-operative Bank and Punjab and Maharashtra Co-operative Bank. ABRS will enable transfer of the funds by making use of the Aadhar number. On the other hand, Query Service on Aadhaar Mapper (QSAM) will enable mapping of the status of a person by making use of the Aadhar number.

Nandan Nilekani, chairman, Unique Identification Authority of India (UIDAI) explained that UIDAI has already crossed 3 crore or 30 million Aadhaar-linked bank accounts.

About National Payments Corporation of India

• National Payments Corporation of India (NPCI) was incorporated in December 2008 and the Certificate of Commencement of Business was issued in April 2009.
• It was incorporated as a Section 25 company under Companies Act and is aimed to operate for the benefit of all the member banks and their customers.

Is this article important for exams ? Yes62 People Agreed
Post Comment
8 Comment


Yes, these g.k notes are beneficial for competition exam.

Sivasakthi T,

Dear Sir, The current affairs are really very useful to us which includes the quick digest and highlights for easy understanding of the readers. Excellent sir.


It is an useful thing that people have to be aware

shalom john,

i wish that you help me to find out defense service i want to serve my mother land and i completed my MBA+PGDM so please help me out .

Prakash yadav,

acyually i had dream to join indian army bt i have to write 2nd puc supplementary exam so what should i do now


done b.tec in mechanical stream ....now wanna apply for indian navy which brach suits me best?


Dear Sir Pls advise how to apply for my nephew who is 18+ and had just passed 12 from NIOS with English / accountancy as subject.

Rahul solanki,

Sir I m passed by arts subject so can I apply for navy because I wanna go in navy please inform me then I applying

Suggested Colleges

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • By clicking on Submit button, you agree to our terms of use
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on