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Discussion

The payment and settlement systems in India is regulated as per which act?

  • A.RBI Act 1934
  • B.Payment and Settlement Systems Act, 2007
  • C.NPCI Act 2002
  • D.PSS Act 2008

Answer: B

In India, the payment and settlement systems are regulated by the Payment and Settlement Systems Act, 2007 (PSS Act).

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