Parliament of the Republic of India - The Payment and Settlement Systems Act, 2007


This is an act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and provide for matters connected. The act has provisions for the following topics:

1. Designated Authority and Its Committee
2. Authorization of Payment Systems
3. Regulation and Supervision by the Reserve Bank
4. Rights and Duties of a System Provider
5. Settlement of Disputes
6. Offenses and Penalties



Document Details

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Tuesday, August 12, 2008
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Parliament of the Republic of India
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