RBI makes non-cash digital payment options available round the clock

Amid the Covid-19 panic, the RBI has stated that NEFT, IMPS, UPI and BBPS will be available round the clock with the aim of facilitating fund transfers, payment of bills, , purchase of goods/services etc.
NEFT is National Electronic Funds Transfer, IMPS is Immediate Payment Service, UPI is Unified Payments Interface and BBPS are Bharat Bill Payment System.

RBI notification said, “In the context of the efforts to limit the fallout of the corona virus pandemic by avoiding social contact and visit to public places, public can use these modes of digital payment from the convenience of their homes through online channels like mobile banking, internet banking, cards, etc. and avoid using cash which may require going to crowded places for sending money or paying bills.”
The RBI governor Shaktikanta Das said the RBI is encouraging banks and customers to use digital banking facilities as far as possible.