The payment and settlement system act 2007

The Payment and Settlement Systems Act, 2007 is a definitive legal guide addressing India’s framework for the regulation and oversight of payment and settlement systems. The book examines the Act’s objectives of ensuring safe, secure, and efficient payment operations across banks and financial institutions. It provides detailed commentary on electronic payment methods, clearing and settlement mechanisms, netting arrangements, and risk mitigation measures essential for the financial ecosystem.

The text also elaborates on the supervisory role of the Reserve Bank of India, regulatory compliance requirements, and dispute resolution procedures under the Act. Case law references, practical examples, and illustrative scenarios clarify complex regulatory provisions, making the book invaluable for practitioners and scholars alike.

Designed for clarity and accessibility, the book bridges theoretical principles and practical application, helping professionals understand operational, legal, and compliance aspects of payment and settlement systems.