
The Reserve Bank of India (RBI) has mandated the usage of Cheque Truncation System (CTS) across the country w.e.f. September 30, 2021 and passed the Reserve Bank of India (Digital Payment Security Controls) Directions, 2021 to set minimum security standards to be followed for all digital payment infrastructure operating in India. The RBI has issued directions in relation to posting and collection of margins for permitted derivatives contracts…