Correct Answer : Reserve Bank of India (RBI)
To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday(03rd Jan 2022) issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.
An offline digital payment means a transaction that does not require internet or telecom connectivity.
Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices.
