Tag: Payment And Settlement Systems Act

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UPSC Current Affairs Quiz – 11 August 2026 | Daily Prelims Quiz

  The Current Affairs Quiz is a daily quiz based on the DAILY CURRENT AFFAIRS AND PIB SUMMARY from the previous day, as posted on our website. It covers all relevant news sources and is designed to test your knowledge of current events. Solving these questions will help you retain both concepts and facts relevant …

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Payment and Settlement Systems Act, 2007

Source:  ET Context: The Reserve Bank of India (RBI) has tightened norms for imposing monetary penalties and compounding offences under the Payment and Settlement Systems Act, 2007 (PSS Act). About Payment and Settlement Systems Act, 2007 (PSS Act): What is the PSS Act? The Payment and Settlement Systems Act, 2007 (PSS Act) is a legislation that regulates and supervises payment systems in India. It designates the Reserve …

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