Reserve Bank of India - Payment and Settlement Systems Overview

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Payment and settlement systems play an important role in improving overall economic efficiency. They consist of all the diverse arrangements that we use to systematically transfer money-currency, paper instruments such as cheques, and various electronic channels.

The Reserve Bank of India's webpage provides an overview of the payment and settlement systems in India, and covers the following:

1. Payment System Initiatives
2. Paper-based Payments
3. Electronic Payments
4. Other Payment Systems (ATMs / Point of Sale (POS) Terminals / Online Transactions, Pre-paid Payment Systems, Mobile Banking System)
5. Board for Regulation and Supervision of Payment and Settlement Systems PSS
6. Payment System Vision in India
7. Regulation and Supervision of financial Market Infrastructures
8. Legal Framework
9. Oversight of Payment and Settlement Systems

Document Details

Document Type: 
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Year of Document: 
2016
Date of Document: 
Friday, April 22, 2016
Document Authors: 
Reserve Bank of Inidia
Language (This Document): 
English

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