MUMBAI, India, July 31 -- Reserve Bank of India issued the following notification:
RBI/DoS/2026-27/434
DoS.CO.PPG.28/11.01.005/2026-27
July 31, 2026
Reserve Bank of India (Payments Banks - Miscellaneous) Supervisory Directions, 2026
Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Access to IT Systems Chapter III - Inoperative Accounts / Unclaimed Deposits Chapter IV - Nomination Facility Chapter V - Fraud Prevention Measures A. Frauds due to Collusion of the Bank Officials B. Large Value Frauds C. Safe Custody of Critical Documents D. Accounts opened by Employees E. Legal Compliance Certificate F. Legal Compliance Audit G. Forensic Scrutiny H. Exercise of Discretion...