{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md12896","title":"Master Direction on Regulation of Payment Aggregator (PA)","document_kind":"Master Direction","page":"https://bankpulse.ai/rule/md12896","status":"In force","importance":{"code":"FYI","label":"FOR INFORMATION","weight":"For information","why":"General RBI update: no desk rule matched — read the source if it touches your work","layer":"bankpulse_inference"},"applies_to":{"shown":"Banks that handle foreign money and commercial banks","class_code":"ALL","from":"Para 3","layer":"bankpulse"},"dates":{"prid":"md12896","mode":"four_dates_v1","published":{"label":"Published","value":"Sep 15, 2025","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"","stated":false,"why":"Not stated separately in this document. Read the rule itself before you assume a start date."},"transition":{"label":"Time to get ready","value":"","stated":false,"why":"Cannot be worked out until the day it starts to apply is known."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md12896.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12896","document_date":"Sep 15, 2025","read_by_bankpulse":"2026-08-21 16:14:43 UTC","text_sha256":"cdc7d07afce5506ecfa8b90fc5cf50b0bf44452e0fa721f2dcf96f6d656bbe03","word_count":6674,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":36,"points_naming_an_rbi_paragraph":36,"points_stored":36,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md12896-84d974a8","page_group":"Chapter I. 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Conduct of PA business","stored_section":"DUE DILIGENCE","heading":"Small sellers get simpler checks","plain_english":"A merchant earning under ₹40 lakh a year can use a simpler check.","rbi_paragraph":"Para 13","rbi_char_offset":21473,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12896#p29","layer":"bankpulse"},{"n":19,"claim":"md12896-f61a9b95","page_group":"Chapter III. Conduct of PA business","stored_section":"DUE DILIGENCE","heading":"Merchant funds only to merchant","plain_english":"Money owed to a merchant goes only into that merchant's own account.","rbi_paragraph":"Para 13","rbi_char_offset":22713,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12896#p30","layer":"bankpulse"},{"n":1,"claim":"md12896-2f91c9c9","page_group":"Chapter V. 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Repeal and Savings","stored_section":"WHAT IT REPLACES","heading":"Annexure 3 circulars now gone","plain_english":"All circulars listed in Annexure 3 are now repealed.","rbi_paragraph":"Para 21","rbi_char_offset":35024,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12896#p36","layer":"bankpulse"}],"actions":[],"amendments":[],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}