Current Affairs - Banking - Discussion

Starting from July 16, 2025, all Indian government payments exceeding ₹75 crore are required to be processed through the RBI’s e-Kuber system. This decision aims to enhance transparency, efficiency, and accuracy in handling large-value government transactions. e-Kuber, developed by the Reserve Bank of India, offers features like real-time tracking, 24-hour reconciliation, and quicker settlements. By centralising and digitizing high-value transactions through e-Kuber, the government seeks to reduce processing delays and improve accountability in public fund disbursement and usage.