Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Contact Info
Unit 266, 267 & 268, Tower B1, Spaze Itech Park Sohna Road Gurugram, Haryana 122018 connect@complinity.com +91 8181 900 600
Follow Us

A Multi-Concept Theme for Digital Agencies and Startups

8181 900 600 Request a Demo Login
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
Mobile Logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Corporate Laws Central Ministry of Finance Payment and Settlement Systems Act, 2007

NPCI issues Implementation of system controls in NRCS for chargebacks raised under reason codes 3004 & 3005

08-Apr-2026 | NPCI/2026-27/NETC/003

NPCI has issued a circular on the implementation of system controls in NRCS for chargebacks raised under reason codes 3004 & 3005.

The circular provides that, to prevent invalid chargebacks, NPCI is implementing controls in the NRCS back office to automatically validate and reject chargebacks raised under reason codes 3004 (vehicle in blacklist) and 3005 (vehicle in low balance). Chargebacks falling under scenarios listed in Annexure–1 will be declined with reason code 5226 – “Active Tag, Issuer chargeback claim is not valid”, and all rejected chargebacks will be reflected in the acknowledgement file.

All member banks are required to update their respective reconciliation modules and ensure compliance with these guidelines. The functionality will be effective from May 15, 2026, and members are advised to disseminate this information to all officials concerned.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

Get Legal Updates in your email

Request a Demo

Recent Posts in Corporate Laws

Corporate Laws

IBBI issues IBBI (Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026

19-May-2026 | F. No. IBBI/2026-27/GN/REG143

IBBI has issued the IBBI (Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026. Through this, Regulation 38 has

Read More
Corporate Laws

IBBI issues IBBI (Liquidation Process) (Third Amendment) Regulations, 2026

19-May-2026 | F. No. IBBI/2026-27/GN/REG142

IBBI has issued the IBBI (Liquidation Process) (Third Amendment) Regulations, 2026. Through this, Proviso to Regulation 35(2) has been inse

Read More
Corporate Laws

BSE- Reiteration of SEBI circular on Status of SPVs post conclusion or termination of Concession Agreement

20-May-2026 | 20260520-10

BSE has reiterated the SEBI circular on the status of SPVs post conclusion or termination of Concession Agreement. Through this circular,

Read More
Corporate Laws

BSE- Reiteration of SEBI Circular on Permitted use of fresh borrowings for InvITs where Net Borrowings exceed forty-nine per cent of the value of InvIT assets

20-May-2026 | 20260520-8

BSE has reiterated the SEBI circular on the permitted use of fresh borrowings for InvITs where Net Borrowings exceed forty-nine per cent of

Read More

Recent Posts

Industry specific-Medical

Clarification on Permissible Use and Regulation of Cosmetics

18-May-2026 | COS-1 21 1 I 2026-eoffice

This notification clarifies that cosmetics regulated under the Drugs and Cosmetics Act, 1940 and the Cosmetics Rules, 2020 are permitted onl

Read More
Corporate Laws

IBBI issues IBBI (Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026

19-May-2026 | F. No. IBBI/2026-27/GN/REG143

IBBI has issued the IBBI (Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026. Through this, Regulation 38 has

Read More
Corporate Laws

IBBI issues IBBI (Liquidation Process) (Third Amendment) Regulations, 2026

19-May-2026 | F. No. IBBI/2026-27/GN/REG142

IBBI has issued the IBBI (Liquidation Process) (Third Amendment) Regulations, 2026. Through this, Proviso to Regulation 35(2) has been inse

Read More
Corporate Laws

BSE- Reiteration of SEBI circular on Status of SPVs post conclusion or termination of Concession Agreement

20-May-2026 | 20260520-10

BSE has reiterated the SEBI circular on the status of SPVs post conclusion or termination of Concession Agreement. Through this circular,

Read More
Request a Demo

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Complinity Logo Transparent

Complinity is a comprehensive cloud-based Compliance Management Software that helps track and monitor statutory and regulatory compliances.

Quick Links
  • Compliance Software
  • Regulatory Compliance Software
  • Statutory Compliance Software
  • Compliance Tracking Software
  • Legal Updates
Contact Info
Unit 266, 267 & 268, Tower B1
Spaze Itech Park, Sohna Road
Gurugram, Haryana 122018
connect@complinity.com
+91 8181 900 600

Request a Demo

© 2026 Complinity Technologies Private Limited. | Privacy Policy | Data Processing Addendum

Design & Developed By  Infinite IT Solutions

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Powered by EssentialPlugin

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Thank You for your interest in Complinity. Your CV has been forwarded to HR.
In case your profile is shortlisted, HR shall contact you.