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.
