The Unified Payments Interface (UPI) continued its rapid rise in November 2025, crossing over 19 billion transactions worth Rs 24.58 lakh crore as of November 28, according to data released by the National Payments Corporation of India (NPCI).
According to the RBI's directive, issued on Wednesday to banks participating in the Cheque Truncation System (CTS) and the National Payments Corporation of India (NPCI), the new system will ensure that cheque processing, confirmation, and settlement take place in near real-time, significantl