What's New :
ITS 2024 - 1 Year Integrated Test Series (Prelims and Mains), Batch Starts: 12th June.
GS Mains Classes 2024, Morning Batch Starts: 12th June & Evening Batch Starts: 15th June

DIGITAL PAYMENTS: Meaning of Digital payment

  • Categories
    Reports
  • Published
    24th Oct, 2019

The Payment and Settlement Act, 2007 has defined Digital Payments as any “electronic funds transfer” that is any transfer of funds which is initiated by a person by way of instruction, authorization or order to a bank to debit or credit an account maintained with that bank through electronic means and includes point of sale transfers; automated teller machine transactions, direct deposits or withdrawal of funds, transfers initiated by telephone, internet and, card payment.

gs foundation course for ias
X

Verifying, please be patient.

Enquire Now