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      Question

      The Reserve Bank of India’s recent directives relating

      to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that :  1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India. 2. They shall ensure that the systems are owned and operated by public sector enterprises. 3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year. Which of the statements given above is/are correct
      A 1 only Correct Answer Incorrect Answer
      B 1 and 2 only Correct Answer Incorrect Answer
      C 3 only Correct Answer Incorrect Answer
      D 1, 2 and 3 only Correct Answer Incorrect Answer
      E 2 only Correct Answer Incorrect Answer

      Solution

      As per RBI’s directive, payment system providers are required to store the data in India only. Other features are not required by RBI.

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