RBI seeks responses to its 40 Questions - Discussion Paper on Charges in Payment Systems

 

RBI seeks responses to its 40 Questions - Discussion Paper on Charges in Payment Systems

          Reserve Bank of India today has placed a ‘Discussion Paper on Charges in Payment Systems’, on its website.

          This is as per ‘Statement on Developmental and Regulatory Policies dated December 08, 2021, wherein RBI had informed that it will release a discussion paper on various charges levied by banks and institutions for all kinds of digital transactions through credit cards, debit cards, wallets and Unified Payments Interface (UPI).

          The feedback provided by the general public would be used to guide policies and intervention strategies for promoting Safe ePayments.

          The feedback need not be limited to the below questions, but may include other inputs and suggestions relevant to the topic under discussion.

Summary of Questions

Digital Transactions Channel 01) ____ RTGS --- 3 Questions (1 to 3)

Digital Transactions Channel 02) ____ NEFT --- 3 Questions (4 to 6)

Digital Transactions Channel 01) ____ IMPS --- 2 Questions (7 & 8)

Digital Transactions Channel 01) ____ Debit Cards --- 7 Questions (9 to 15)

Digital Transactions Channel 01) ____ Credit Cards --- 4 Questions (16 to 19)

Digital Transactions Channel 01) ____ PPIs (Pre-Paid Instruments) --- 4 Questions (20 to 23)

Digital Transactions Channel 01) ____ UPI --- 3 Questions (24 to 26)

Digital Transactions Channel 01) ____ Intermediaries --- 3 Questions (27 to 29)

Digital Transactions Channel 01) ____ Surcharging --- 3 Questions (30 to 32)

Digital Transactions Channel 01) ____ Convenience Fee --- 3 Questions (33 to 35)

Digital Transactions Channel 01) ____ Other Aspects --- 5 Questions (36 to 40)

 

          The complete 25 Pages Discussion Paper can be read @ https://rbidocs.rbi.org.in/rdocs/Publications/PDFs/DPSSDISCUSSIONPAPER5E016622B2D3444A9F294D07234059AA.PDF

          The last date to submit your views to Reserve Bank of India on this discussion paper is: on or before October 3, 2022.

          The email id to submit your views is: dpssfeedback@rbi.org.in

          Views need not be shared via the physical mode, a soft copy of your views to the above email id is sufficient.  

          So, go ahead and provide your feedback.

Feedback which may be useful to shape future policies on Safe ePayments in our country.

Feedback which if successfully implemented in India, can be a benchmark for other nations.

The more feedback received by Reserve Bank of India, the more it will be helpful for overall customer experience.

Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing More – Nothing Less.