Master Directions on Access Criteria for Payment Systems

Last updated: 20 January 2017

Notice Date : 17 January 2017

RBI/DPSS/2016-17/51
Master Direction DPSS.CO.OD.No.1846/04.04.009/2016-17

January 17, 2017

The Chairman/ Managing Director/ Chief Executive Officer
All Scheduled Commercial Banks including RRBs/
Urban Co-operative Banks/ State Co-operative Banks/
District Central Co-operative Banks/ Payment Banks/ Small Finance Banks/ Primary Dealers/
Authorised Payment System Providers

Dear Sir,

Master Directions on Access Criteria for Payment Systems

A reference is invited to our circular DPSS.CO.OD.494/04.04.009/2011-2012 dated September 21, 2011 prescribing the Access Criteria for Payment Systems. These Master Directions, being issued under Section 10(2) read with Section 18 of Payment and Settlement Systems Act 2007 (Act 51 of 2007), consolidate and update all the instructions issued on the subject up to December 31, 2016 and placed on the web-site of the Reserve Bank of India (www.rbi.org.in).

Yours faithfully

(Nanda S. Dave)
Chief General Manager