An Introduction to Indian Banking & Payment Systems

This introductory guide is updated up to 2024 and was developed under the author's direction with the assistance of generative AI tools, including ChatGPT and Claude, which were used to draft and synthesize explanatory content. The book provides a simplified overview of banking and payment systems in India, tracing their evolution from historical roots to the present financial landscape.It explains core banking services, traditional and digital payment mechanisms, the role of technology, and the interlinkages between banks and payment and settlement systems. Intended primarily as a foundational and directional learning resource for students, professionals, and general readers, this book is designed to provide a broad conceptual understanding of the subject rather than comprehensive or specialised coverage.Prospective readers seeking detailed regulatory provisions, advanced academic treatment, examination-oriented preparation, professional reference material, or the most current official information may find this book insufficient for their specific needs and are encouraged to consult official publications, regulatory documents, and specialised sources.All content has been reviewed and finalized by the author based on information available up to late 2024.