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BANKING & FINANCE RBI

RBI Launches Digital Payment Awareness Pilot Project in Maharashtra

The Reserve Bank of India has initiated a pilot 'Awareness Program on Digital Payments' focused on rural and semi-urban regions of Maharashtra.
The program was launched by RBI Governor Sanjay Malhotra during the 6th Digital Payments Awareness Week (DPAW) held between March 9 and 13, 2026.
Collaborating with CSC e-Governance Services India Ltd, the campaign utilizes the slogan 'Thoda Dhyan Se' to educate consumers on transaction safety.
This initiative aims to bridge the digital divide by promoting secure and widespread adoption of online payment systems in non-metro areas.
Aspirants should note that such pilot programs often precede national rollouts of financial literacy frameworks.

Key Facts / Static GK

RBI Headquarters: Mumbai
RBI Established: 1 April 1935
Current RBI Governor: Sanjay Malhotra
CSC e-Governance Services HQ: New Delhi

Practice Quiz — 17 March 2026

Q1. Which state has been selected as the 'Pilot State' for the RBI's Awareness Program on Digital Payments launched in March 2026?

Q2. What is the new 3-year Marginal Cost of Funds Based Lending Rate (MCLR) set by Canara Bank effective from March 12, 2026?

Q3. Consider the following statements regarding the recent FSSAI reforms: 1. FSSAI licenses will now have perpetual (lifetime) validity. 2. The turnover limit for Basic Registration has been raised to ₹1 crore. 3. Street vendors under the 2014 Act require manual registration with FSSAI. Which of the statements above is/are correct?

Q4. Razorpay's newly launched AI-powered platform 'Agent Studio' is built on which specific AI technology?

Q5. What is the total value of the agreement signed between India and the World Bank for the Haryana Clean Air Project in March 2026?

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