Which one of the following links all the ATMs in India ?

Which one of the following links all the ATMs in India ?

[amp_mcq option1=”Indian Banks’ Association” option2=”National Securities Depository Limited” option3=”National Payments Corporation of India” option4=”Reserve Bank of India” correct=”option3″]

This question was previously asked in
UPSC IAS – 2018
The correct option is C. The National Payments Corporation of India (NPCI) links all the ATMs in India through its National Financial Switch (NFS).
NPCI is the umbrella organization for retail payments and settlement systems in India, responsible for operating various critical payment infrastructures including the network that connects ATMs.
The National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India, operated by the National Payments Corporation of India (NPCI). It connects the ATMs of various banks, enabling interoperability for cash withdrawal and other services. The other options are incorrect: Indian Banks’ Association is an industry body; National Securities Depository Limited is related to the stock market; and RBI is the regulator but does not operate the physical network connecting ATMs.