NPCI notified regarding the Initiation of Self-Attestation of Members/Participants for F.Y. 2024-25

Aug 01, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe National Payments Corporation of India (NPCI) on July 23, 2024, issued the notification regarding the Initiation of Self-Attestation of Members/Participants for F.Y. 2024-25.

The following has been stated namely: -

• Self-Attestation is a process where members/participants declare themselves as compliant with NPCI guidelines. The Self-Attestation checklist is based on documents - Procedural Guidelines, Operating Circulars, Technical Specification Document, etc. Members/participants shall submit Self- Attestation through PCOMP portal confirming Compliance. 

• The Self-Attestation activity shall be on a periodic basis such as annually/quarterly or as and when required.

• The directives for Quarter (Q1) F.Y. 2024-25 are updated on the enhanced PCOMP portal for Self-Attestation by members/participants. Members/participants must submit the Self-Attestation by September 30, 2024, or as per the completion date mentioned for specific directives.

[Notification No. NPCI/2024-25/PD/002]


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