Payment System

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Across
  1. 3. Present System of credit one to many
  2. 4. Payment system is termed as FMI
  3. 7. One of the earliest Payment instruments in India
  4. 9. umbrella organisation to operate various Retail Payment Systems
  5. 11. Revolution in Payment System during 2016
  6. 13. Financial Network of India is known by the name
  7. 15. Institution created in RBI for Technology absorption
  8. 16. Name of India's Financial Messaging System
  9. 17. committee on "Technology Upgradation in the Payment Systems"; constituted in 1994recommended setting up of
  10. 18. Bank where the credit and realisation of customer's account happens
  11. 20. committee recommended establishing an Electronic Funds Transfer system and electronic clearing services
Down
  1. 1. Jan Dhan, Aadhaar and Mobile has helped in creation of payment infrastructure
  2. 2. Enactment of the Act in India for Currency Notes in 1861
  3. 5. Clearing and settling trades in money market, government securities and foreign exchange markets is done by
  4. 6. Payment System for Bulk and repetitive payments (Government Initiated) – Benefits and Subsidy
  5. 8. Cheque clearing system in 1980s
  6. 10. Payment System prevalent in Ancient Times
  7. 12. the first bank to introduce Internet Banking in India in 1996
  8. 14. the first bank to introduce ATMs in India in 1987
  9. 19. Act defined use of promissory notes, bills of exchange and cheques