This document, titled "Master Directions on Authorisation to operate a Payment System," outlines the comprehensive guidelines issued by the Reserve Bank of India (RBI) for entities seeking or holding authorization to operate payment systems. It covers crucial aspects such as definitions, applicability, eligibility criteria, requirements for investment from non-compliant jurisdictions, validity of authorization, and procedures for voluntary surrender. This PDF is essential for businesses and individuals involved in the payment system industry in India.
Master Directions on Authorisation to operate a Payment System
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