Information, etc., to be confidential
Section 15 of the Payment and Settlement Systems Act, 2007 deals with information, etc., to be confidential. Subject to the provisions of sub-section (2), any document or information obtained by the Reserve Bank under sections 12 to 14 (both inclusive) shall be kept confidential. The Act came into force on 12 Aug 2008.
(1) Subject to the provisions of sub-section (2), any document or information obtained by the Reserve Bank under sections 12 to 14 (both inclusive) shall be kept confidential.
(2) Notwithstanding anything contained in sub-section (1), the Reserve Bank may disclose any document or information obtained by it under sections 12 to 14 (both inclusive) to any person to whom the disclosure of such document or information is considered necessary for protecting the integrity, effectiveness or security of the payment system, or in the interest of banking or monetary policy or the operation of the payment systems generally or in the public interest.
Section 15, The Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Related judgements & precedents
These are some judgments that construed this section, and hold precedence value. They hold authority on how to read, interpret and use this section.
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PhonePe Private Limited v. State of Karnataka
Court's Decision & Legal Precedent
PSS Act confidentiality (ss.15/20/22) and Bankers' Books Evidence Act do not confer absolute immunity from CrPC s.91 summons by a statutory investigating officer; disclosure exceptions apply to police investigating cyber-fraud. DATE VERIFIED Final Order 2025-04-29 (order-1.pdf).
On this section: Court held PSS confidentiality of information does not bar CrPC s.91 disclosure to statutory investigating officers.
The holding above is the ratio decidendi as extracted from the judgment by eCourts India, reproduced unaltered — it is a rendering of the court's reasoning, not a substitute for its words. Read the order itself before relying on it.
Questions about Section 15
What have the courts held on Section 15 of the Payment and Settlement Systems Act?
PhonePe Private Limited v. State of Karnataka (29 Apr 2025) is the leading judgment on this section among those set out below: Court held PSS confidentiality of information does not bar CrPC s.91 disclosure to statutory investigating officers.
How do I find court cases under Section 15 of the Payment and Settlement Systems Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Payment and Settlement Systems Act 15, section 15 Payment and Settlement Systems Act, section 15 of the Payment and Settlement Systems Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome. 1 reported judgment on this section is set out on this page, beginning with PhonePe Private Limited v. State of Karnataka (29 Apr 2025).
What should I read with Section 15 of the Payment and Settlement Systems Act, and has it changed?
Its own text turns on section 12 (Power to call for returns, documents or other information), section 14 (Power to enter and inspect), so none of them can safely be read on its own.
When did Section 15 of the Payment and Settlement Systems Act come into force?
Section 15 of the Payment and Settlement Systems Act, cited as Payment and Settlement Systems Act 15, came into force on 12 Aug 2008, having been enacted on 20 Dec 2007. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.