New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the time frame within which a Payment Service

    Provider (PSP) must commence operations after receiving the Certificate of Authorization from IFSCA?
    A 3 months Correct Answer Incorrect Answer
    B 6 months Correct Answer Incorrect Answer
    C 12 months Correct Answer Incorrect Answer
    D 9 months Correct Answer Incorrect Answer
    E 2 years Correct Answer Incorrect Answer

    Solution

    A Payment Service Provider (PSP) must commence operations within six months from the date of issuance of the Certificate of Authorization, with the possibility of a 3-month extension if approved by IFSCA.

    Practice Next