RAS question
Bank of Baroda launched eRUPI P2P digital gifting on which platform?
Correct answer: (D) UPI app.
Bank of Baroda launched eRUPI P2P Digital Gifting on its bob e Pay UPI app.
Explanation
Bank of Baroda's release says the eRUPI Person-to-Person Digital Gifting feature was launched on the bob e Pay UPI app. The point of the feature is not ordinary account access or wallet storage, but purpose-driven gifting through UPI payments. It lets customers send personalised, purpose-specific, prepaid digital vouchers to family, friends or other beneficiaries. The release also says the feature is powered by NPCI's e-RUPI platform and is interoperable across UPI platforms. That is why the exam answer is the UPI app: the launch is tied to Bank of Baroda's own UPI payment app, with eRUPI vouchers used as the digital gifting instrument.
Why the other options are wrong
- (A) Internet banking is wrong because the cited release places the launch on Bank of Baroda's bob e Pay UPI app, not on its internet banking channel.
- (B) BHIM app is wrong because the source names Bank of Baroda's bob e Pay UPI app as the launch platform, while BHIM is not identified as the platform for this feature.
- (C) Mobile wallet is wrong because the feature uses eRUPI prepaid digital vouchers within a UPI app, not a wallet-based product.
Concept
This tests current developments in India's digital payments ecosystem, especially UPI and eRUPI use cases. RAS often asks such items because banking innovations link Indian Economy with financial inclusion and payment-infrastructure policy.