INDIA CODE

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Rule 2, Payment and Settlement Systems Act Rules, 2009 [S24-HW1]

As at 6 September 2026. In force from 3 February 2009.

In Payment and Settlement Systems Act Rules, 2009 [R10-98P]. This text from 3 February 2009. No other text held.

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Cite: Rule 2, Payment and Settlement Systems Act Rules, 2009 [S24-HW1]. Machine: S24-HW1.

2. Definitions.—(1) In these rules, unless the context otherwise requires,— (a) "Act" means the Payment and Settlement Systems Act, 2007 (51 of 2007); (b) "Form" means a form appended to these rules; (c) "section" means a section of the Act. (2) Words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act.

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