Department of Payment and Settlement Systems

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Department of Payment and Settlement Systems

Gaush Ali

Modified 1 Day ago.

Accordion Title

Department of Payment and Settlement Systems (DPSS)

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Sl. No.	Service	Timeline (days)ⁱ	Submission Mode
21	Approval for commencement of eligible activity under guidelines on regulation of Payment Aggregator- Cross Border (PA-Cross Border)	30	PRAVAAH
22	General Purpose Application - Payment and Settlement Systems	30	PRAVAAH
23	Issue of Certificate of Authorisation (CoA) - After receipt of System Audit Report (SAR) (In case there are subsequent changes after receipt of SAR viz., change in promoters / directors, fresh investments etc., the timeline is 60 days)	30	PRAVAAH
24	Renewal of CoA	30	PRAVAAH
25	Voluntary surrender of CoA by Payment System Operators (PSOs)	30	PRAVAAH
26	Approval in case of takeover / acquisition of control of non-bank PSOs (timeline is not applicable for application received from overseas Principal under MTSS)	45	PRAVAAH
27	Application for Membership to Centralised Payment Systems	60	PRAVAAH
28	Authorisation to set up a payment system under PSS Act, 2007 - In-principle Authorisation (timeline is not applicable when a new category of payment system is introduced)	90	PRAVAAH

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Data Releases

This Section provides data on various aspects of Indian economy, banking and finance. While the current data defined as data for the past one year is available at the links provided below, researchers may also access data series available in the Database on Indian Economy link available on this page.