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Payment and settlement systems are used for financial transactions in India. Covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated in December 2007, they are regulated by the Reserve Bank of India (RBI) and the Board for Regulation and Supervision of Payment and Settlement Systems. [1] India has multiple payments and ...
Thus Indian passport holders who apply for a Bangladeshi visa in India do not have to pay the visa application fee. [39] [40] Russia announced an e-Visa status for parts of the Russian Far East: Primorye and the rest of Khabarovsk, Sakhalin, Chukotka, and Kamchatka regions in 2018, this was later expanded to include Saint Petersburg in 2020. [41]
Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
The Henley Passport index ranks passports according to the number of destinations that can be reached using a particular country's ordinary passport without the need of a prior visa ("visa-free"). [ 9 ] [ 10 ] [ 11 ] The survey ranks 199 passports against 227 destination [ 12 ] countries , territories , and micro-states .
The Indian passport is a passport issued by the Ministry of External Affairs of the Republic of India to Indian citizens for the purpose of international travel. It enables the bearer to travel internationally and serves as proof of the Republic of India citizenship as per the Passports Act (1967).
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
The Act replaced the Indian Passport Ordinance 1967 and was enacted by Act 15 of 1967 with retrospective effect from 5 May 1967. The act describes the procedures in getting an Indian passport, which replaced the British Indian passport and The Passport Act of 1920.
Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...