PAYMENT AND SETTLEMENT SYSTEMS

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.

1. Publications
Payment Systems in India 1998
Payment Systems in India - Brochure 2012
Payment Systems in India - Booklet 2021
2. Vision Documents
Jun 17, 2022 - Payments Vision 2025
May 15, 2019 - Payment and Settlement Systems in India: Vision – 2019-2021
Jun 23, 2016 - Payment and Settlement Systems in India: Vision-2018
Oct 01, 2012 - Payment Systems in India: Vision 2012-15
Feb 16, 2010 - Payment Systems in India - Vision 2009-12
Nov 12, 2009 - Vision 2005-08 - Accomplishments Vs statements
May 03, 2005 - Payment Systems in India - Vision 2005-08
3. Documents on Old systems
Electronic Clearing Service (ECS) (Credit/Debit)
Electronic Funds Transfer System Procedural Guidelines
Mechanised cheque processing using MICR technology - Procedural Guidelines
Mechanised Cheque Processing Using MICR Technology - Procedural Guidelines – Abridged
National Electronic Clearing Service (NECS) - Procedural Guidelines
Bank Branches participating in NECS Centre-wise
Express Cheque Clearing System
4. Circulars which are redundant/superseded/subsumed within Master Directions/Master Circulars
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