The Payment and Settlement Systems Act `2007

An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto.

List of Chapters & Sections

  1. PRELIMINARY

  2. DESIGNATED AUTHORITY

  3. AUTHORISATION OF PAYMENT SYSTEMS

  4. REGULATION AND SUPERVISION BY THE RESERVE BANK

  5. RIGHTS AND DUTIES OF A SYSTEM PROVIDER

  6. SETTLEMENT OF DISPUTES

  7. OFFENCES AND PENALTIES

  8. MISCELLANEOUS