#2007
Digital Payment systems - The Legal Perspective
Posted on 27 March, 2023 by Adv Amogh
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. The Payment and Settlement Act System, 2007 (PSS Act, 2007), which was approved by the President on December 20, 2007 came to effect on August 12, 2008. The Board for Regulation...
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