Master Directions on Access Criteria for Payment Systems
The Reserve Bank of India has issued master directions outlining the access criteria for payment systems.
The directions are applicable to banks and authorized non-bank payment service providers (PSPs).
The purpose of these directions is to ensure that payment systems operate in a safe, secure, and efficient manner.
General Guidelines
The directions provide general guidelines for access to payment systems, including criteria for membership and sub-membership.
Access Criteria
The access criteria for banks and authorized non-bank PSPs are outlined, including requirements for membership to centralized and decentralized payment systems.
Membership Guidelines
Guidelines for membership to centralized and decentralized payment systems are provided, including application procedures and requirements.
Sub-membership Facility
The directions outline the sub-membership facility for centralized and decentralized payment systems.
Review of Membership
The directions provide for the review of membership, including the process for suspension or cancellation of membership.
Chat with the Master Direction:
Download: Master Directions on Access Criteria for Payment Systems (Updated as on July 28, 2021)