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When did Payment and Settlement Systems Act, 2007 (PSS Act, 2007) came into effect?

ACT came payment PSS SYSTEMS
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When did Payment and Settlement Systems Act, 2007 (PSS Act, 2007) came into effect?

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Ans. The PSS Act, 2007 received the assent of the President on 20th December 2007 and it come into force with effect from 12th August 2008.

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