The National Payments Corporation of India (NPCI), incorporated by the Reserve Bank of India, functions as a hub for all electronic retail payment systems in the country. These retail payment systems include a diverse range of products, delivery channels, service providers and technology solutions. The NPCI facilitates an affordable payment mechanism that benefits all member banks and their customers.

The NPCI’s service portfolio includes,
  • National Financial Switch (NFS)
  • Immediate Payment Service (IMPS) provided to 59 member banks
  • National Automated Clearing House
  • Aadhaar Payments Bridge System (APBS)
  • Aadhaar-enabled payment system (AEPS)
  • Interoperable Financial Inclusion System (IFIS)
  • Cheque Truncation System (CTS)
  • Express Cheque Clearing System
  • Domestic Card Scheme - RuPay

Alankit is engaged with the implementation and management of the Paper to Follow (P2F) Process for NPCI’s Cheque Truncation System (CTS). This initiative by NPCI supports the compression of the cheque clearing cycle, providing faster clearance of cheques. This is done by capturing electronic images of cheques and transmitting them across banks.

Frequently Asked Questions About NPCI

What is P2F?
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What services does Alankit provide?
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Why is proper adherence to P2F process important?
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What is the procedure followed for the process by a presenting bank?
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How is process security maintained at the Centres?
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