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January 04, 2017

Important Details about Commercial Paper (CP) and NPCI (National Payments Corporation of India)

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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


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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