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.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

What is an Amendment?Last Updated: October 14, 2024

Understanding Amendment An amendment is a formal change or adjustment made to existing documents, laws, or regulations to…

Credit RatingLast Updated: December 12, 2025

Meaning & Definition Credit rating measures the creditworthiness of an individual or organization. It indicates the likelihood of…

UPI 123PayLast Updated: July 16, 2025

Meaning and Full Form UPI 123Pay is an offline UPI payment solution launched by RBI to help feature…

Fraud Detection SystemLast Updated: August 12, 2025

Meaning A Fraud Detection System is a technology-based system that identifies suspicious or unauthorized transactions in real-time to…

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 ReconciliationLast Updated: September 10, 2025

Meaning UPI Reconciliation is the process of comparing UPI payment records with bank statements to ensure that all…