RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks / National Payments Corporation of India Madam / D

RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Non-bank Payment System Operators Madam / Dear Sir. Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act) This has reference to the Statement on Developmental and Regulatory Policies dated October 9, 2020 wherein Reserve Bank of Ind

RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Non-bank Payment System Operators Madam / Dear Sir Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period Please refer to provisions contained in Section 4 of PSS Act and ‘Oversight Framework for Financial Market Infrastructures and Retail Payment S

RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks Madam / Dear Sir, Card transactions in Contactless

RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, 24x7 Availability of Real Time Gross Settlement (RTGS) System A reference is invited to the Statement on Developmental and Regulatory Policies dated October 09, 2020 wherein Reserve Bank of India (RBI) had announced making available the Real Time Gross Settlement (RTGS) system round

RBI/2020-21/59DPSS.CO.PD.No.497/02.14.003/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Digital Payment Transactions – Streamlining QR Code infrastructure As you are aware, Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and suggest measures for moving towards in

RBI/2020-21/58 DPSS.CO.PD.No.503/02.12.004/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators Industry self-governance helps in industry-wide smooth operations and ecosystem development. Reserve Bank of India’s Payment and Settlement Systems Vision 2019-21, therefore, envisa

RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21 September 25, 2020 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Local Area Banks / Payment Banks / Small Finance Banks / National Payments Corporation of India Madam / Dear Sir, Positive Pay System for Cheque Truncation System Please refer to the

A. Objective To set-up pan-India umbrella entity / entities focussing on retail payment systems. Such entity shall be a Company incorporated in India under the Companies Act, 2013 and may be a ‘for-profit’ or a Section 8 Company as may be decided by it. B. Authorisation under the Payment and Settlement Systems Act, 2007 (PSS Act) The umbrella entity shall be a Company authorised by Reserve Bank of India (RBI) under Section 4 of the PSS Act, 2007. It shall be governed

RBI/2020-21/21 DPSS.CO.PD No.116/02.12.004/2020-21 August 6, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators and Participants (Banks and Non-banks) Madam / Dear Sir, Online Dispute Resolution (ODR) System for Digital Payments Please refer to the Statement on Developmental and Regulatory Policies dated August 6, 2020 wherein the Reserve Bank of India (RBI) had announced introduction of Online Dispute Resolution (ODR)