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Q1. When did Payment and Settlement Systems Act, 2007 (PSS Act, 2007) came into effect? Ans. The PSS Act, 2007 received the assent of the President on 20th December 2007 and it came into force with effect from 12th August 2008. Q2. What is the objective of the PSS Act, 2007 ? Ans. The PSS … Read more