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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.

Press Release


PDF - RBI issues consolidated directions on Digital Payments – E-mandate framework, 2026 ()
Date : Apr 21, 2026
RBI issues consolidated directions on Digital Payments – E-mandate framework, 2026

The Reserve Bank of India today issued directions on Digital Payments – E-mandate framework, 2026.

The directions consolidate extant instructions on e-mandates as also incorporate a few minor changes based on feedback obtained from stakeholders.

The directions come into effect immediately.

(Brij Raj)           
Chief General Manager

Press Release: 2026-2027/116

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