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Order the road to an authorisation

Exercise and reference answers

Steps
  1. Entity applies on the RBI portal
  2. Auditor certifies the net-worth
  3. Fit and proper test is applied
  4. Certificate of authorisation issues
  5. Conditions are monitored
  6. Breach may revoke the certificate
Instructions
Tap the steps in the order they occur.

Explanation

_Source: RBI Master Directions on Authorisation to operate a Payment System_
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