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Corporate Laws Central Ministry of Finance Payment and Settlement Systems Act, 2007

NPCI issues Implementation of NRP & revision in PRD process for RuPay

10-Sep-2025 | NPCI/RuPay/OC-38/FY 25-26

National Payments Corporation of India (NPCI) has introduced Implementation of NRP (NPCI Review Panel) & revision in PRD (Panel for Resolution of Disputes) process for RuPay effective from 30th September 2025. Key highlights are as follows: 1. The lifecycle of dispute handling under RuPay has been updated with respect to chargeback, pre-arbitration, arbitration and the decision by NPCI Review Panel (NRP) & Panel for Resolution of Disputes (PRD). If still not satisfied after PRD, the stakeholder can appeal further to RBI as the final authority. 2. Fee Structure Introduced - a. NRP Arbitration: Rs. 500 + GST per case. b. PRD Arbitration: Rs. 3,000 + GST per case. These fees are applicable for each arbitration raised under the respective panels. 3. Member banks must prepare their internal systems to handle disputes under the new process. The updated rules and structure should be communicated to all concerned officials for smooth implementation. For more information, please refer to the official document.

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Recent Posts in Corporate Laws

Corporate Laws

CDSL issues communique regarding United Nations Security Council (UNSC) Committee with respect to removal of three entries

29-Oct-2026 | CDSL/PMLA/DP/POLCY/2026/761

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Corporate Laws

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BSE issues circular regarding Release of “National Strategy for Financial Inclusion (NSFI) 2025–30” by RBI

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Legal

Rajasthan Amends Legal Metrology Rules to Mandate High-Accuracy Weighing Instruments for Gold, Silver and Precious Metals

29-Oct-2026 | G.S.R.77

The Government of Rajasthan has amended the Rajasthan Legal Metrology (Enforcement) Rules, 2011, by inserting Rule 9(3A). The amendment mand

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Legal

Punjab Government Extends Exemption for Existing Industries in Non-Conforming Zones of Notified Master Plans

28-Oct-2026 | SEE(HQ-2)/F.No. 203/2026 24056-74

The Punjab Government has exempted existing industries operating in non-conforming zones of 24 notified Master Plans across the state from t

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Labour Laws

Tripura Government Fixes Minimum Daily Base Wage Rate at ₹450

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The Government of Tripura, Labour Department, has fixed the minimum daily base wage rate at ₹450, effective from 1 April 2027. The rat

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CDSL issues communique regarding United Nations Security Council (UNSC) Committee with respect to removal of three entries

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