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.

Payment System

1. Paper based clearing
Clearing Houses
MICR codes
Speed Clearing
Cheque Truncation System
Procedural Guideline for Cheque Truncation System
Uniform Regulations and Rules for Bankers' Clearing Houses
2. Real Time Gross Settlement
RTGS Holiday
RTGS Membership Regulations
Application Associated Documents and we
Frequently Asked Questions
List of RTGS enabled bank branches
3. National Electronic Funds Transfer
Procedural Guidelines
List of Participants
List of NEFT enabled bank branches (Consolidated IFS Codes)
List of NEFT enabled bank Branches (Bank-wise IFS Codes)
Customer Facilitation Centres
Application for participation in NEFT System
FAQs on NEFT System
FAQs on Indo-Nepal Remittance Facility scheme
4. Electronic Clearing Services
Bank Branches participating in ECS Centre-wise
Procedural Guidelines – ECS (Credit)
Procedural Guidelines – ECS (Debit)
List of ECS Centres
Bank Branches participating in ECS
FAQs on ECS
5. National Electronic Clearing Services
Procedural Guidelines
Bank Branches participating in NECS Centre-wise
6. Customer Facilitation Centres for NEFT and RTGS
Customer Facilitation Centres – NEFT
7. Authorisation of Payment and Settlement Systems Operators
Instructions for Authorisation under PSS Act (Central Government Circular)
Application Form for seeking Authorisation under PSS Act
List of Authorised entities
List of Banks permitted to provide Mobile Banking Service in India
List of banks permitted to issue pre-paid cards in India
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