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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 document (269 kb)
Date : Feb 10, 2020
Draft Framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems

The Reserve Bank has today placed on its website a ‘draft framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems’ for public comments.

The Reserve Bank invites comments on the draft framework from all stakeholders by February 25, 2020. The comments may be sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001, or by email.

(Yogesh Dayal)    
Chief General Manager

Press Release: 2019-2020/1921


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