Press Releases - Payment and Settlement Systems - ಆರ್ಬಿಐ - Reserve Bank of India
ಪತ್ರಿಕಾ ಪ್ರಕಟಣೆಗಳು
ಫೆಬ್ರವರಿ 14, 2012
RBI releases Draft Guidelines for White Label Automated Teller Machines (WLAs)
The Reserve Bank of India today released on its website, the "Draft Circular for Deployment of White Label Automated Teller Machines (WLAs)". The Reserve Bank has sought views/comments on the draft circular from banks, authorised ATM network operators, non-bank entities and members of public. The key features of the draft circular are: Non-bank entities proposing to set up WLAs would have to make an application to the Reserve Bank for seeking authorisation under the P
The Reserve Bank of India today released on its website, the "Draft Circular for Deployment of White Label Automated Teller Machines (WLAs)". The Reserve Bank has sought views/comments on the draft circular from banks, authorised ATM network operators, non-bank entities and members of public. The key features of the draft circular are: Non-bank entities proposing to set up WLAs would have to make an application to the Reserve Bank for seeking authorisation under the P
ಪಿಡಿಎಫ್ (
ಏಪ್ರಿ 07, 2011
RBI revokes the Authorisation granted to Kaizen Automation Private Ltd;
Mumbai for issuance of prepaid cards known as ‘Go Mumbai’ cards
Mumbai for issuance of prepaid cards known as ‘Go Mumbai’ cards
In exercise of the powers conferred under Section 8 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has revoked the Authorisation granted to Kaizen Automation Private Limited, B-601-602, Citi Point, Andheri, Kurla Road, J. B. Nagar, Near Kohinoor Continental, Andheri (East), Mumbai-400059 for issuance and operation of prepaid cards known as ‘Go Mumbai’ cards, with immediate effect. J.D. Desai Assistant Manager Press Release : 2010-2011/1455
In exercise of the powers conferred under Section 8 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has revoked the Authorisation granted to Kaizen Automation Private Limited, B-601-602, Citi Point, Andheri, Kurla Road, J. B. Nagar, Near Kohinoor Continental, Andheri (East), Mumbai-400059 for issuance and operation of prepaid cards known as ‘Go Mumbai’ cards, with immediate effect. J.D. Desai Assistant Manager Press Release : 2010-2011/1455
ಮಾರ್ಚ್ 11, 2011
RBI refuses Issue of Authorisation to Zoha Inc, USA to Operate Cross Border Money Transfer Service in India
The Reserve Bank of India has refused the authorisation application of Zoha Inc, 291-Grove Street, Jersey City, New Jersey, 07302, USA to operate payment system for cross-border in-bound money transfer services. It has asked Zoha Inc, USA to wind-up their existing services for cross border money transfer to India with immediate effect. The Reserve Bank has refused the authorisation application of Zoha Inc in exercise of the powers conferred on the Reserve Bank under s
The Reserve Bank of India has refused the authorisation application of Zoha Inc, 291-Grove Street, Jersey City, New Jersey, 07302, USA to operate payment system for cross-border in-bound money transfer services. It has asked Zoha Inc, USA to wind-up their existing services for cross border money transfer to India with immediate effect. The Reserve Bank has refused the authorisation application of Zoha Inc in exercise of the powers conferred on the Reserve Bank under s
ಫೆಬ್ರವರಿ 01, 2011
RBI seeks comments on Report of Working Group on Information Security, Electronic Banking Technology, Risk Management and Cyber Frauds
The Reserve Bank of India has invited views/comments of all stake-holders and the public at large on the Report of Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber frauds (Chairman: Shri G. Gopalakrishna, Executive Director, Reserve Bank of India). Comments/suggestions/views may be forwarded latest by February 14, 2011 to the Chief General Manager-in-Charge, Department of Banking Supervision, Central Office, 3rd Floor, Wo
The Reserve Bank of India has invited views/comments of all stake-holders and the public at large on the Report of Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber frauds (Chairman: Shri G. Gopalakrishna, Executive Director, Reserve Bank of India). Comments/suggestions/views may be forwarded latest by February 14, 2011 to the Chief General Manager-in-Charge, Department of Banking Supervision, Central Office, 3rd Floor, Wo
ಜನವರಿ 21, 2011
RBI Releases Report of Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds
The Reserve Bank of India has today placed on its website the report of the Working Group on information security, electronic banking, technology risk management, and cyber frauds. The Working Group (Chairman: Shri G.Gopalakrishna, Executive Director, RBI) was established following the announcement in the April 2010 Monetary Policy Statement, which recommended enhancing RBI guidelines relating to the governance of IT, information security measures to tackle cyber frau
The Reserve Bank of India has today placed on its website the report of the Working Group on information security, electronic banking, technology risk management, and cyber frauds. The Working Group (Chairman: Shri G.Gopalakrishna, Executive Director, RBI) was established following the announcement in the April 2010 Monetary Policy Statement, which recommended enhancing RBI guidelines relating to the governance of IT, information security measures to tackle cyber frau
ಅಕ್ಟೋ 01, 2010
Surrendering Certificate of Authorisation
The TimesofMoney Ltd., 4th Floor, Times Tower Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai–400013 has, on September 23, 2010, voluntarily surrendered the Certificate of Authorisation given by the Reserve Bank of India. The Reserve Bank of India had, on April 05, 2010, issued Certificate of Authorisation (34/2010) to the TimesofMoney Ltd. under the Payment and Settlement Systems Act, 2007 for operating Payment System for issuance of Pre-paid P
The TimesofMoney Ltd., 4th Floor, Times Tower Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai–400013 has, on September 23, 2010, voluntarily surrendered the Certificate of Authorisation given by the Reserve Bank of India. The Reserve Bank of India had, on April 05, 2010, issued Certificate of Authorisation (34/2010) to the TimesofMoney Ltd. under the Payment and Settlement Systems Act, 2007 for operating Payment System for issuance of Pre-paid P
ಸೆಪ್ಟೆಂ 29, 2008
National Electronic Clearing Service inaugurated
Shri V.Leeladhar, Deputy Governor, Reserve Bank of India today inaugurated the National Electronic Clearing Service (NECS) at a function at the Reserve Bank's National Clearing Centre (NCC), Mumbai. The service aims to centralise the Electronic Clearing Service (ECS) operation and bring in uniformity and efficiency to the system. ECS was introduced in the early nineties and is operational at 74 locations at present, facilitating easy payments and collections for repet
Shri V.Leeladhar, Deputy Governor, Reserve Bank of India today inaugurated the National Electronic Clearing Service (NECS) at a function at the Reserve Bank's National Clearing Centre (NCC), Mumbai. The service aims to centralise the Electronic Clearing Service (ECS) operation and bring in uniformity and efficiency to the system. ECS was introduced in the early nineties and is operational at 74 locations at present, facilitating easy payments and collections for repet
ಸೆಪ್ಟೆಂ 19, 2008
Mobile Banking Transactions in India - Operative Guidelines for Banks
Based on the comments received from public the Reserve Bank of India has modified its earlier draft operating guidelines on mobile payments in India. The modified guidelines are now placed on the website. Comments if any can be e-mailed or faxed to 022-22691557 or letter addressed to Chief General Manager, Reserve Bank of India, Department of Payment and Settlement Systems, Central Office, 14th floor, Central Office Building, SBS Marg, Mumbai 400001 latest by Septembe
Based on the comments received from public the Reserve Bank of India has modified its earlier draft operating guidelines on mobile payments in India. The modified guidelines are now placed on the website. Comments if any can be e-mailed or faxed to 022-22691557 or letter addressed to Chief General Manager, Reserve Bank of India, Department of Payment and Settlement Systems, Central Office, 14th floor, Central Office Building, SBS Marg, Mumbai 400001 latest by Septembe
ಸೆಪ್ಟೆಂ 01, 2008
Payment and Settlement Systems Act, and Regulations come into effect
The Payment and Settlement Systems Act, 2007 (51 of 2007) and the Payment and Settlement Systems Regulations, 2008 have been notified and have come into effect from August 12, 2008. The Payment and Settlement Systems Act stipulates that no person other than the Reserve Bank, shall commence or operate a payment system except under and in accordance with an authorisation issued by the Reserve Bank under the provisions of the Act. All persons currently operating a paymen
The Payment and Settlement Systems Act, 2007 (51 of 2007) and the Payment and Settlement Systems Regulations, 2008 have been notified and have come into effect from August 12, 2008. The Payment and Settlement Systems Act stipulates that no person other than the Reserve Bank, shall commence or operate a payment system except under and in accordance with an authorisation issued by the Reserve Bank under the provisions of the Act. All persons currently operating a paymen
ಜೂನ್ 20, 2008
RBI to introduce Speed Clearing for Outstation Cheques in Mumbai
The Reserve Bank of India (RBI) will introduce, from June 25, 2008, 'Speed Clearing' for outstation cheques for all the member banks in the jurisdiction of Brihan-Mumbai Bankers' Clearing House (BBCH). 'Speed Clearing' leverages the technology of core or centralised banking solution (CBS) of banks which enables them to access details of all account holders from any branch. Banks including public sector, private sector, cooperative and foreign banks, which are members
The Reserve Bank of India (RBI) will introduce, from June 25, 2008, 'Speed Clearing' for outstation cheques for all the member banks in the jurisdiction of Brihan-Mumbai Bankers' Clearing House (BBCH). 'Speed Clearing' leverages the technology of core or centralised banking solution (CBS) of banks which enables them to access details of all account holders from any branch. Banks including public sector, private sector, cooperative and foreign banks, which are members
ಜೂನ್ 12, 2008
Mobile Payments in India - Operative Guidelines for Banks
With the rapid growth in the number of mobile phone subscribers in India banks have been exploring the feasibility of using mobile phones as an alternative channel of delivery of banking services. A few banks have started offering information based services like balance enquiry, stop payment instruction of cheques, record of last five transactions, location of nearest ATM/branch etc. Acceptance of transfer of funds instruction for credit to beneficiaries of same/or an
With the rapid growth in the number of mobile phone subscribers in India banks have been exploring the feasibility of using mobile phones as an alternative channel of delivery of banking services. A few banks have started offering information based services like balance enquiry, stop payment instruction of cheques, record of last five transactions, location of nearest ATM/branch etc. Acceptance of transfer of funds instruction for credit to beneficiaries of same/or an
ಏಪ್ರಿ 25, 2008
RBI invites Public Comments on draft Regulations on Payment and Settlement Systems
The Reserve Bank of India has today placed on its website draft regulations framed under the Payment and Settlement Systems Act 2007 for public comments. Comments can be sent to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, Shaheed Bhagat Singh Marg, Mumbai (fax number: 022- 22659566) or may be e-mailed latest by May 15, 2008. It may be recalled that the Payment and Settlement Systems Bill was passed by
The Reserve Bank of India has today placed on its website draft regulations framed under the Payment and Settlement Systems Act 2007 for public comments. Comments can be sent to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, Shaheed Bhagat Singh Marg, Mumbai (fax number: 022- 22659566) or may be e-mailed latest by May 15, 2008. It may be recalled that the Payment and Settlement Systems Bill was passed by
ಫೆಬ್ರವರಿ 18, 2008
Use of electronic mode of payment for large value transactions
Recognising the importance of ensuring the safety, security of the payment systems, the Reserve Bank of India (RBI) has put in place three modes of electronic payments i.e. Real time Gross Settlement (RTGS) System, National Electronic Fund Transfer (NEFT) System and Electronic Clearing Service (ECS). Payments by these modes have been steadily growing in the last few years. An internal Working Group set up by the Reserve Bank to examine the various issues related to mi
Recognising the importance of ensuring the safety, security of the payment systems, the Reserve Bank of India (RBI) has put in place three modes of electronic payments i.e. Real time Gross Settlement (RTGS) System, National Electronic Fund Transfer (NEFT) System and Electronic Clearing Service (ECS). Payments by these modes have been steadily growing in the last few years. An internal Working Group set up by the Reserve Bank to examine the various issues related to mi
ಫೆಬ್ರವರಿ 18, 2008
ATMs of Banks: Fair Pricing and Enhanced Access
The Approach Paper on "ATMs of Banks: Fair Pricing and Enhanced Access" was placed on the website on 24th December 2007 for public comments. The comments received from the public as also banks were mostly in favour of the approach suggested in the paper.A paper examining the public comments and proposed guidelines in the form of circular to be issued to banks has been placed today on the RBI website. Comments can be e-mailed or faxed to 022-22659566 or letter addresse
The Approach Paper on "ATMs of Banks: Fair Pricing and Enhanced Access" was placed on the website on 24th December 2007 for public comments. The comments received from the public as also banks were mostly in favour of the approach suggested in the paper.A paper examining the public comments and proposed guidelines in the form of circular to be issued to banks has been placed today on the RBI website. Comments can be e-mailed or faxed to 022-22659566 or letter addresse
ನವೆಂ 02, 2007
RBI Introduces a System of Annual Review of
Payment and Settlement Systems in India
Payment and Settlement Systems in India
The Reserve Bank of India has today placed on its website the first Annual Report on the Payment and Settlement Systems in India. While there has been a number of initiatives for spreading the payment system network such as National Electronic Funds Transfer (NEFT) System, Electronic Clearing Services (ECS), Real Time Gross Settlement (RTGS) System and National Financial Switch (NFS), the feedback received showed that the level of awareness and familiarity with paymen
The Reserve Bank of India has today placed on its website the first Annual Report on the Payment and Settlement Systems in India. While there has been a number of initiatives for spreading the payment system network such as National Electronic Funds Transfer (NEFT) System, Electronic Clearing Services (ECS), Real Time Gross Settlement (RTGS) System and National Financial Switch (NFS), the feedback received showed that the level of awareness and familiarity with paymen
ಅಕ್ಟೋ 19, 2007
RBI places on Website enhanced Draft on Financial Sector Technology Vision document (2008-2010) for comments
A vision document on technology and the financial sector was published in the public domain of the Reserve Bank of India's website in July 2005. With rapid changes in technology and the achievement of the plans outlined, this vision document was taken up for improvement and has since been enhanced to cover the immediate short term period between 2008 and 2010. Reserve Bank of India has today placed on its website (www.rbi.org.in) the revised draft Financial Sector Tec
A vision document on technology and the financial sector was published in the public domain of the Reserve Bank of India's website in July 2005. With rapid changes in technology and the achievement of the plans outlined, this vision document was taken up for improvement and has since been enhanced to cover the immediate short term period between 2008 and 2010. Reserve Bank of India has today placed on its website (www.rbi.org.in) the revised draft Financial Sector Tec
ಸೆಪ್ಟೆಂ 21, 2007
RBI places the Report of the Working Group on Preparing Guidelines for Access to Payment Systems for Public Comments
The Reserve Bank of India has today placed on its website the report of Working Group on preparing Guidelines for Access to Payment Systems for public comments. Comments may be addressed to the Chief General Manager, Reserve Bank of India, Department of Payment & Settlement Systems, Central Office, Fort, Mumbai 400001 or sent by <a href=# onclick=javascript:document.open('Bs_RbiEmailfeedback.aspx?name=rbi1','query_pop','width=460,height=330,top=90,left=520');re
The Reserve Bank of India has today placed on its website the report of Working Group on preparing Guidelines for Access to Payment Systems for public comments. Comments may be addressed to the Chief General Manager, Reserve Bank of India, Department of Payment & Settlement Systems, Central Office, Fort, Mumbai 400001 or sent by <a href=# onclick=javascript:document.open('Bs_RbiEmailfeedback.aspx?name=rbi1','query_pop','width=460,height=330,top=90,left=520');re
ಆಗ 01, 2007
RBI places on website Report of the Working Group on Standards for Raw Images of fingerprints for Public Comments
The Advisory Group on Information Technology for Financial Inclusion, set up by Reserve Bank of India, for evolving common/comparable standards for enabling IT based solutions for banking services, had suggested that a separate working group be constituted to deliberate and suggest suitable standards for raw images (finger prints). The Working Group constituted in April 2007 under the convenorship of Dr. A.M. Pedgaonkar, Chief General Manager, Department of Informatio
The Advisory Group on Information Technology for Financial Inclusion, set up by Reserve Bank of India, for evolving common/comparable standards for enabling IT based solutions for banking services, had suggested that a separate working group be constituted to deliberate and suggest suitable standards for raw images (finger prints). The Working Group constituted in April 2007 under the convenorship of Dr. A.M. Pedgaonkar, Chief General Manager, Department of Informatio
ಜನವರಿ 04, 2006
Coverage of RBI's RTGS System crosses 15,000 Bank Branches Mark
The coverage of the Reserve Bank of India's Real Time Gross Settlement (RTGS) System has exceeded 15,000 bank branches in the country. The target was achieved two months ahead indicating the popularity of the funds transfer service. It may be recalled that the Reserve Bank of India introduced the RTGS System in March 2004 with four bank branches on a pilot basis, only for inter-bank transactions. Subsequently, customer-based transactions were also taken up. The RTGS S
The coverage of the Reserve Bank of India's Real Time Gross Settlement (RTGS) System has exceeded 15,000 bank branches in the country. The target was achieved two months ahead indicating the popularity of the funds transfer service. It may be recalled that the Reserve Bank of India introduced the RTGS System in March 2004 with four bank branches on a pilot basis, only for inter-bank transactions. Subsequently, customer-based transactions were also taken up. The RTGS S
ನವೆಂ 21, 2005
NEFT System goes live
The National Electronic Funds Transfer (NEFT) started live operations from Today. The objective of the NEFT system is to establish an Electronic Funds Transfer system to facilitate an efficient, secure, economical, reliable and expeditious system of funds transfer between banks in the banking sector using Structured Financial Messaging Solution (SFMS) backbone. For the time being there will be a single settlement per day at 12.00 noon. To begin with 8 banks will be pa
The National Electronic Funds Transfer (NEFT) started live operations from Today. The objective of the NEFT system is to establish an Electronic Funds Transfer system to facilitate an efficient, secure, economical, reliable and expeditious system of funds transfer between banks in the banking sector using Structured Financial Messaging Solution (SFMS) backbone. For the time being there will be a single settlement per day at 12.00 noon. To begin with 8 banks will be pa
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ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ಜುಲೈ 11, 2024
