Payment and Settlement Systems Acr : PRELIMINARY Indian Bare Acts :

Payment and Settlement Systems Acr,2007

Act No : 51

Section : PRELIMINARY

THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007NO. 51 OF 2007[20th December, 2007.] An Act to provide for the regulation and supervision of payment systems in Indiaand to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto.BE it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:-CHAPTER IPRELIMINARY