MUMBAI, India, June 15 -- Reserve Bank of India issued the following notification:
RBI/DPSS/2026-27/401
DPSS.CO.AUTH.No.S-239/02-27-004/2026-27
June 15, 2026
Master Directions on Authorisation to operate a Payment System
Table of Contents 1. Short Title and Commencement 2. Definitions 3. Applicability 4. Eligibility Criteria and Requirements 5. Investment in Entities from FATF Non-Compliant Jurisdictions 6. Validity period of Certificate of Authorisation 7. Voluntary Surrender of CoA by PSO's Authorised under PSS Act 8. Cooling Period 9. Miscellaneous 10. Repeal and Other Provisions
These Directions are issued in exercise of powers conferred in Chapter III on Authorisation of Payment Systems and issued under Section 10(2) read with S...