Reserve Bank of India - Payment and Settlement Systems Regulations, 2008 with Amendment of 2011


The Reserve Bank of India's Payment and Settlement Systems Regulations, 2008 provides regulations for the payment and settlement systems in India. Specifically, the regulations cover the authorization of payment systems; payment instructions and determination of standards; and the furnishing of returns, documents and other related information.

The Payment and Settlement Systems (Amendment) Regulations, 2011 provides for the use of the Procedural Guidelines for Cheque Truncation System approved by the Bank for the concerned system provider, as stated in schedule of Regulation 5 of the act.

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Saturday, September 3, 2011
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Reserve Bank of India
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