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. Real Time Gross Settlement

RTGS Holidays

RTGS Membership Regulations

Application Associated Documents

Frequently Asked Questions

List of RTGS enabled bank branches

FAQs on Legal Entity Identifier (LEI)

2. National Electronic Funds Transfer

Procedural Guidelines

List of Participants (as on November 30, 2025)

List of NEFT enabled bank branches (Consolidated Indian Financial System Code) (as on November 30, 2025)

List of NEFT enabled bank Branches (Bank-wise Indian Financial System Code) (as on November 30, 2025)

Customer Facilitation Centres

Application for participation in NEFT System

FAQs on NEFT System

FAQs on Indo-Nepal Remittance Facility scheme

FAQs on Legal Entity Identifier (LEI)

3. Paper based clearing

Cheque Truncation System

Procedural Guidelines for Cheque Truncation System

Uniform Regulations and Rules for Bankers' Clearing Houses

MICR codes

Clearing Houses

4. Customer Facilitation Centres for NEFT and RTGS

Customer Facilitation Centres – NEFT

5. Authorisation of Payment and Settlement Systems Operators

Application Form and Instructions for Authorisation under PSS Act (Govt. of India Gazette Notification)

Application Form for seeking Authorisation under PSS Act

List of Authorised Entities - Payment System Operators

Status of Applications received from Payment Aggregators (PAs) under Payment and Settlement Systems Act, 2007

List of Banks Permitted to Provide Mobile Banking Service in India

List of banks permitted to issue pre-paid cards in India

List of Banks permitted to operate as Bharat Bill Payment Operating Unit (BBPOU)

Framework for Voluntary Surrender of Certificate of Authorisation by Payment System Operators

6. Guidelines

Guidelines for the Trade Receivables Discounting System (TReDS)