Section 2(1)(g) in The Payment And Settlement Systems Act, 2007

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Union of India - Subsection

Section 2(1)(g) in The Payment And Settlement Systems Act, 2007

(g)"payment instruction" means any instrument, authorisation or order in any form, including electronic means, to effect a payment,-

(i)by a person to a system participant; or

(ii)by a system participant to another system participant;