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Perpetual validity for an existing PSO needs full compliance with authorisation conditions and no major:
ARegulatory concerns
BCustomer complaints
CStaffing changes
DDips in profit
Answer & Solution
Correct answer: A. Regulatory concerns
1. Perpetual validity is granted at renewal time.
2. Conditions include compliance and clean reports.
3. No major regulatory or supervisory concerns may exist.
_Source: RBI Master Directions on Authorisation to operate a Payment System._
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