Contents 1. Background 2. The Regulatory Sandbox: Principles and Objectives 3. Regulatory Sandbox: Benefits 4. Regulatory Sandbox: Risks and Limitations 5. Regulatory Sandbox: Eligibility Criteria 6. Design Aspects of the Regulatory Sandbox 7. The Regulatory Sandbox Process and its Stages 8. Statutory and Legal Issues 9. Transparency and Disclosure 1. Background 1.1 The Reserve Bank of India (RBI) set up an inter-regulatory Working Group (WG) in

Contents 1. Background 2. The Regulatory Sandbox: Principles and Objectives 3. Regulatory Sandbox: Benefits 4. Regulatory Sandbox: Risks and Limitations 5. Regulatory Sandbox: Eligibility Criteria 6. Design Aspects of the Regulatory Sandbox 7. The Regulatory Sandbox Process and its Stages 8. Statutory and Legal Issues 9. Transparency and Disclosure 1. Background 1.1 The Reserve Bank of India (RBI) set up an inter-regulatory Working Group (WG) in Jul

Contents 1. Background 2. The Regulatory Sandbox: Principles and Objectives 3. Regulatory Sandbox: Benefits 4. Regulatory Sandbox: Risks and Limitations 5. Regulatory Sandbox: Eligibility Criteria 6. Design Aspects of the Regulatory Sandbox 7. The Regulatory Sandbox Process and its Stages 8. Statutory and Legal Issues 9. Transparency and Disclosure 1. Background1.1 The Reserve Bank of India (RBI) set up an inter-regulatory Working Group (WG) in

PART I - Payment System Indicators - Payment & Settlement System Statistics Volume (lakh) Value (₹ crore) FY 2021-22 2022 February 2023 2023 FY 2021-22 2022 February 2023 2023 January February January February 1 2 3 4 1 2 3 4 A. Settlement Systems Financial Market Infrastructures (FMIs) 1 CCIL Operated Systems 33.01 2.92 3.66 3.51 206873112 17994586 21571346 22281370 1.1 Govt. Securities Clearing 12.22 1.10 1.17 1.

PART I - Payment System Indicators - Payment & Settlement System Statistics Volume (lakh) Value (₹ crore) FY 2022-23 2022 March 2023 2023 FY 2022-23 2022 March 2023 2023 February March February March 1 2 3 4 1 2 3 4 A. Settlement Systems Financial Market Infrastructures (FMIs) 1 CCIL Operated Systems 41.44 3.25 3.51 3.66 258797336 20588727 22281370 22458408 1.1 Govt. Securities Clearing 15.00 1.04 1.27 1.25 1722512

1. DIGITAL PAYMENTS – VOLUME AND VALUE 2. TOTAL PAYMENTS – VOLUME AND VALUE 3. TOTAL RETAIL PAYMENTS – VOLUME AND VALUE 4. DIGITAL RETAIL PAYMENTS – VOLUME AND VALUE 5. COMPARISON OF RBI, NPCI AND OTHER PAYMENT SYSTEMS A. COMPARISON OF PAYMENTS VOLUME B. COMPARISON OF PAYMENTS VALUE 6. RBI OPERATED PAYMENT SYSTEMS A. REAL TIME GROSS SETTLEMENT (RTGS) B. NATIONAL ELECTRONIC FUNDS TRANSFER (NEFT) 7. NPCI OPERATED FAST PAYMENT SYSTEMS - UNIFIED PAYMENTS INTERFACE