RBI (Reserve Bank of India)

byPaytm Editorial TeamLast Updated: November 14, 2025

Full Form & Definition

Full form: Reserve Bank of India.

RBI is India’s central bank responsible for managing the country’s money, interest rates, and banking system.

Functions

  • Issues currency notes.
  • Controls inflation and foreign exchange.
  • Regulates all banks in India.

You May Also Like

UPI Escrow AccountLast Updated: October 21, 2025

Definition A UPI Escrow Account is a temporary account used to hold funds securely during a transaction. It…

BNPL (Buy Now, Pay Later)Last Updated: July 31, 2025

Meaning BNPL stands for Buy Now, Pay Later. It is a short-term credit facility that allows customers to…

UPI Complaint ManagementLast Updated: October 21, 2025

Definition UPI Complaint Management is the system that handles user issues like failed transactions, refunds, or fraud. Process…

AmortizationLast Updated: December 12, 2025

Meaning Amortization means gradually reducing a loan or asset value over a fixed period. Definition It refers to…

Critical Illness CoverLast Updated: December 12, 2025

Meaning Critical Illness Cover is an insurance benefit that pays a lump-sum amount if you are diagnosed with…