IFSCA on 2nd April, 2024 has issued the International Financial Services Centres Authority (Payment Services) (Amendment) Regulations, 2024. The amendment allows payment system providers to provide “escrow service” under an agreement, whereby money is held by such payment service provider in an escrow account with an IFSC Banking Unit (‘IBU’) or an IFSC Banking Company (‘IBC’) for and on behalf of one or more parties that are in the process of completing a transaction.
Launch of Association of NPS Intermediaries
22 December 2024
The ANI stakeholders are Points of Presence (Bank and Non-Bank), Central Record Keeping Agencies, Trustee Banks, Custodians, Aggregators, Annuity Service Providers, Pension Agents, Retirement Advisors,
