Draft on “Payment Systems in India - Vision 2009-12”

Draft on “Payment Systems in India - Vision 2009-12”

  

Reserve Bank of India, has today placed on its website, Draft on “Payment Systems in India - Vision 2009-12”

The Document is slim, just 16 pages, but it power-packed.

This Document lays down Reserve Bank of India’s vision for Payment Systems in India.

In the coming days, will try to post Highlights of the Draft on “Payment Systems in India - Vision 2009-12” 

Draft on “Payment Systems in India - Vision 2009-12”, can be accessed @

http://rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=573

The most exciting aspect of this document is the

INDIA MONEY LINE – 24x7  System for one-to-one funds transfers.