The Reserve Bank of India (RBI) is India’s central bank. It formulates and implements monetary policy, issues and manages the nation’s currency, regulates and supervises banks and select non-bank lenders, oversees payment systems, promotes financial inclusion, and works to preserve overall financial stability.
Formulates and implements monetary policy to achieve low and stable inflation, anchoring expectations while supporting sustainable growth.
Regulates and supervises banks and select non-bank financial institutions to safeguard depositor interests and systemic stability.
Issues, circulates, and withdraws banknotes; ensures availability of clean notes; combats counterfeiting with security features.
Oversees payment systems (e.g., RTGS, NEFT, UPI) for safe, efficient, and interoperable digital transactions across India.
Manages liquidity operations and foreign-exchange reserves while ensuring orderly conditions in money and government securities markets.
Advances financial inclusion and literacy; protects customers via the Ombudsman framework and fair-practices guidelines.
India’s payment landscape has transformed through interoperable systems and pro-innovation regulation. Platforms like UPI have enabled instant, low-cost transfers across banks and fintechs, powering the country’s digital economy.
Faster, 24×7 transfers and digital commerce enablement.
Lower transaction costs and wider access through mobile apps.
Greater transparency and dispute-resolution mechanisms.