Class 7 — Digital Payments, Borrowing & Consumer Rights
TopicClass 7 · 4 topics
01
Digital Payment Modes in Depth
NEFT, RTGS, IMPS, UPI and wallets, and how PoS, mPoS and ATM mechanics work.
02
Borrowing & Simple Interest
Why people borrow, formal versus informal sources of borrowing, and simple interest calculations.
03
Informal Lenders & Fraud Awareness
Risks of informal lenders, interest-rate risk explained simply, and fraud and consumer-protection basics.
04
RBI's Regulatory Role & Grievance Redressal
RBI's regulatory role explained further, and consumer rights and grievance redressal basics.
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