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

(407 kb)
Date : Feb 18, 2022
Regulations Review Authority (RRA 2.0) – Interim Recommendations – Discontinuation / Merger / Online Submission of Returns

RBI/2021-2022/165
CO.DPSS.OVRST.No.S1478/06-08-001/2021-2022

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 –
Discontinuation / Merger / Online Submission of Returns

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

2. As part of the implementation of interim recommendations of the RRA 2.0, it is proposed to merge the returns listed in the Annex 1. Further, it is also proposed to migrate the returns listed in the Annex 2, to online filing systems viz. Centralised Information Management System (CIMS) and / or Central Information System for Banking Infrastructure (CISBI).

3. The date of effect for merger / migration to CIMS / CISBI, and discontinuation of parallel reporting would be notified in due course.

Yours faithfully,

(P. Vasudevan)
Chief General Manager

Encl.: As above.


Annex 1

List of Returns to be Discontinued / Merged
(Enclosure to CO.DPSS.OVRST.No.S1478/06-08-001/2021-2022 dated February 18, 2022)

S. No. Return Name Return Description
1 WLA Customer Complaints Return contains information on complaints received, resolved and pending against White Label ATM Operators (WLAOs).
2 WLA Statistics Return contains information on state and region – wise ATMs deployed by WLAOs, transaction volume and value, etc.

Annex 2

List of Returns identified for online submission through Centralised Information
Management System (CIMS) / Central Information System for Banking Infrastructure (CISBI)

(Enclosure to CO.DPSS.OVRST.No.S1478/06-08-001/2021-2022 dated February 18, 2022)

S. No. Return Name Return Description
1 PPI Statistics Return captures granular level information on volume and value of transactions related to various Pre-paid Payment Instruments (PPIs). Details are collected from concerned banks and non-bank authorised issuers of PPIs.
2 MTSS Return contains details related to remitting countries and state-wise & region-wise remittance destinations under Money Transfer Service Scheme (MTSS). Details are collected from concerned Overseas Principals under MTSS.
3 ATM deployment* Return contains details of statistics on state and region – wise ATMs deployed by banks and WLAOs. Details are collected from concerned banks and WLAOs to monitor and regulate the payment and settlement systems in India.
*An instruction in this regard had already been issued vide letter DPSS.CO.OD.No.87438/06.08.001/2021-22 dated August 10, 2021.
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