General Studies · RBI Regulations
What does the circular issued in 2018 by the Reserve Bank of India (RBI) on Data Localisation mandate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The entire data relating to payments systems collected by payment providers must be stored only in a system in India.✓
- 2Regular backups must be taken outside India for all data generated during online shopping by Indian customers.
- 3Data generated during online payments must be stored exclusively on global cloud platforms to save local device space.
- 4Customer shopping behavior and payment data must be shared among all e-commerce companies to customize offers.
Correct answer
The entire data relating to payments systems collected by payment providers must be stored only in a system in India.
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