https://www.taxtmi.com/acts?id=55693 Regular and Significant Payment Service Providers must safeguard Payment Service User funds through institutional liability undertakings, guarantees, trust accounts, or other specified methods. Applicable funds must be held in separate escrow accounts with an IBU for each relevant payment service. E-money providers must maintain end-of-day escrow balances sufficient for outstanding e-money and payments due, limit escrow credits and debits to permitted purposes, and must not use e-money funds for lending, extend credit, pay returns, facilitate illegal activities, or permit cash withdrawal from e-wallets. en-us Tue, 22 Sep 2026 12:16:47 +0530 Tue, 22 Sep 2026 15:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55693 Regular and Significant Payment Service Providers must safeguard Payment Service User funds through institutional liability undertakings, guarantees, trust accounts, or other specified methods. Applicable funds must be held in separate escrow accounts with an IBU for each relevant payment service. E-money providers must maintain end-of-day escrow balances sufficient for outstanding e-money and payments due, limit escrow credits and debits to permitted purposes, and must not use e-money funds for lending, extend credit, pay returns, facilitate illegal activities, or permit cash withdrawal from e-wallets. Act-Rules Indian Laws Tue, 22 Sep 2026 12:16:47 +0530 https://www.taxtmi.com/acts?id=55693