There will be no need of UPI and RTGS to transfer money. RBI has launched a new system. Let us tell you that now existing payment systems like RTGS, NEFT and UPI are also being prepared for large amount of payments.
Will operate with very limited staff As it has been said in the media reports that now you will have a big role in being prepared to face this and other adverse situations.
Keeping this in mind, RBI has also conceptualized LPSS. Which will also be said to be independent from traditional techniques.
Now it will be operated from anywhere with very few employees. There will be no need for UPI and RTGS to transfer money. RBI has launched a new system.According to information, now these systems have also become dependent on advanced IT infrastructure and complex wiring networks.
RBI said in its annual report that now these systems are being temporarily closed in catastrophic events like natural disasters and war.Now the Reserve Bank of India is preparing to introduce a new payment system completely different from UPI, RTGS and NEFT.
Now this new payment system will be capable of working for any need. This system will now also be made highly available for important transactions during destructive events like natural disasters and wars.
There will be no need for UPI and RTGS to transfer money. RBI has launched a new system.