Letter of Authority/RBI Mandate – Should be in Rs 100 stamp paper with RBI DAD sign & seal to be submitted with on boarding documents; Further, Rs 5 lakh need to be paid for collateral deposit.
The bank needs to raise all the requests again for the respective product and sub-product combinations in which they were already live - as this is a major change in systems.
• Switch migration • Additional switch vendor • New bank (applying for that product for the first time) • Sub-member to Direct member • Sponsor bank change
The pre-requisites / documents are as below: • Bank should be already live on Acquirer EMV - Host to Host for ATM or Micro-ATM channel (depending on the channel type the request is raised for). • PIF form • PCI-PED document • EMV Co Letter of ...