RBI released draft Report on Enabling PKI in Payment System Applications

A draft technical report on making payment system effective was released by Reserve Bank of India on 7 February 2014. RBI in its report of the Technical Committee on Enabling Public Key Infrastructure (PKI) in Payment System Applications said that the objective of an effective payment system is to ensure a safe, secure, efficient, robust and sound payment system in the country.

Public Key Infrastructure enabled electronic payment systems that has been introduced by the RBI are 

• RTGS
• NEFT
• CBLO
• FOREX Clearing
• Government Securities Clearing
• Cheque Truncation System (CTS)