# The Payment and Settlement Systems Act, 2007, Section 18: Power of Reserve Bank to give directions generally

- Act: The Payment and Settlement Systems Act, 2007 (Act 51 of 2007)
- In force from: 2008-08-12
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/payment-settlement-systems-act-2007/section/18/

## Text

Without prejudice to the provisions of the foregoing, the Reserve Bank may, if it is satisfied that for the purpose of enabling it to regulate the payment systems or in the interest of management or operation of any of the payment systems or in public interest, it is necessary so to do, lay down policies relating to the regulation of payment systems including electronic, non-electronic, domestic and international payment systems affecting domestic transactions and give such directions in writing as it may consider necessary to system providers or the system participants or any other person either generally or to any such agency and in particular, pertaining to the conduct of business relating to payment systems.

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