PAYMENT AND SETTLEMENT SYSTEMS

Payment and settlement systems play an important role in improving overall economic efficiency. They consist of all the diverse arrangements that we use to systematically transfer money-currency, paper instruments such as cheques, and various electronic channels.

Notifications

(397 kb)
Date : Feb 18, 2022
Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Circulars

RBI/2021-2022/164
CO.DPSS.OVRST.No.S1477/06-08-001/2021-2022

February 18, 2022

The Chairman /Managing Director /
Chief Executive Officer
Authorised Payment System Operators /
Banks

Madam /Dear Sir,

Regulations Review Authority (RRA 2.0) – Interim Recommendations –
Withdrawal of Circulars

Please refer to the press release dated February 18, 2022 issued on the captioned subject.

2. The circulars listed in the Annex are withdrawn with effect from close of business today.

Yours faithfully,

(P. Vasudevan)
Chief General Manager

Encl.: As above.


Annex

List of Circulars withdrawn with effect from February 18, 2022
(Enclosure to CO.DPSS.OVRST.No. S1477 / 06-08-001 / 2021-2022 dated February 18, 2022)

Sr.No. Reference Number Date Subject
1. DPSS(CO)Cir.No.04/10.01.01/2005-2006 July 13, 2005 RTGS and other payment systems service charges
2. DPSS (CO) No.796/01.01.59/2005-2006 November 23, 2005 Electronic Payment Products – Service Charges
3. DPSS.CO.PD.No.1873/02.14.06/2008-09 April 27, 2009 Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India
4. DPSS (CO) RTGS No.1959/04.04.002/2008-2009 May 11, 2009 Usage of Inter-bank window for customer transactions
5. DPSS (CO) RTGS No.2246/04.04.002/2008-2009 June 16, 2009 RTGS Transactions
6. DPSS.CO.PD.No.344/02.14.06/2009-10 August 14, 2009 Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India
7. DPSS (CO) RTGS No.949/04.04.002/2009-2010 November 11, 2009 RTGS System – Mandatory Beneficiary Account Number
8. DPSS (CO) EPPD No. 477/04.03.01/2010-11 September 01, 2010 Uniformity in penal interest payable by banks for delays in credit /return of NEFT /NECS /ECS transactions
9. DPSS.CO.No. 1041/02.14.006/2010-11 November 04, 2010 Issuance and Operation of pre-paid payment Instruments in India (Reserve Bank) Directions – Additional guidelines
10. DPSS. CO. AD. No. 780/02.27.004/2010-11 November 24, 2010 Issuance and Operation of Prepaid Payment Instruments
11. DPSS.CO.OSD. No. 1381/06.08.001/2010-11 December 27, 2010 Collection of Statistics on pre-paid instruments
12. DPSS.CO.OSD. No. 1445/06.12.001/2010-11 December 27, 2010 Issuance and operation of Prepaid Payment Instruments in India – Auditor Certificate on the balances in Escrow account
13. DPSS No. 2174/02.14.004/2010-11 March 23, 2011 Issuance and Operation of pre-paid payment instruments in India – Clarification
14. DPSS.CO.No.2501/02.14.06/2010-11 May 04, 2011 Policy Guidelines for issuance and operation of Prepaid Instruments in India
15. DPSS.CO.PD.No. 225/02.14.006/2011-12 August 04, 2011 Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India
16. DPSS.CO.PD. No. 2256/02.14.006/2011-12 June 14, 2012 Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India – Amendments
17. DPSS.CO.PD.No.560/02.14.006/2012-13 October 01, 2012 Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India – Amendments
18. DPSS.CO.OSD. No.1604/06.06.005/2012-13 March 14, 2013 Collection of Information on Customer Grievances
19. DPSS.CO.PD.No.563/02.14.003/2013-14 September 05, 2013 Cash withdrawal at Point of Sale (POS) – Prepaid Payment Instruments issued by banks
20. DPSS.CO.PD.No.2074/02.14.006/2013-14 March 28, 2014 Issuance and Operation of Pre-paid Payment Instruments in India – Consolidated Revised Policy Guidelines
21. DPSS.CO.PD.No. 2366/02.14.006/2013-14 May 13, 2014 Issuance and Operation of Pre-paid Payment Instruments in India – Consolidated Revised Policy Guidelines
22. DPSS.CO.PD.No.980/02.14.006/2014-15 December 03, 2014 Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India – Relaxations
23. DPSS.CO.PD.No. 58/02.14.006/2015-16 July 09, 2015 Prepaid Payment Instrument (PPI) guidelines – Introduction of New Category of PPI for Mass Transit Systems (PPI-MTS)
24. DPSS.CO.PD.No.1288/02.14.006/2016-17 November 22, 2016 Special measures to incentivise Electronic Payments –
(i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India
(ii) Special measures for merchants
25. DPSS.CO.PD.No.1610/02.14.006/2016-17 December 27, 2016 Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph 7.9
26. DPSS.CO.PD.No.1669/02.14.006/2016-17 December 30, 2016 Special measures to incentivise Electronic Payments – Extension of time
27. DPSS.CO.PD.No.808/02.14.006/2018-19 October 16, 2018 Prepaid Payment Instruments (PPIs) – Guidelines for Interoperability
28. DPSS.CO.PD.No.1417/02.14.006/2018-19 January 04, 2019 Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Payment Transactions in Prepaid Payment Instruments (PPIs) issued by Authorised Non-banks
29. DPSS.CO.PD.No.499/02.14.006/2019-20 August 30, 2019 Amendment to Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPIs)
30. DPSS.CO.PD.No.1198/02.14.006/2019-20 December 24, 2019 Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹10,000/- with loading only from bank account
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