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.

History/Records

1. Publications

Payment Systems in India 1998

Payment Systems in India - Brochure 2012

Payment Systems in India - Booklet 2021

2. Vision Documents

Jun 17, 2022 - Payments Vision 2025

May 15, 2019 - Payment and Settlement Systems in India: Vision – 2019-2021

Jun 23, 2016 - Payment and Settlement Systems in India: Vision-2018

Oct 01, 2012 - Payment Systems in India: Vision 2012-15

Feb 16, 2010 - Payment Systems in India - Vision 2009-12

Nov 12, 2009 - Vision 2005-08 - Accomplishments Vs statements

May 03, 2005 - Payment Systems in India - Vision 2005-08

3. Documents on Old systems

Electronic Clearing Service (ECS) (Credit/Debit)

Electronic Funds Transfer System Procedural Guidelines

Mechanised cheque processing using MICR technology - Procedural Guidelines

Mechanised Cheque Processing Using MICR Technology - Procedural Guidelines – Abridged

National Electronic Clearing Service (NECS) - Procedural Guidelines

Bank Branches participating in NECS Centre-wise

Express Cheque Clearing System

4. Circulars which are redundant/superseded/subsumed within Master Directions/Master Circulars