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On 6 April 2018, the Reserve Bank of India adopted a directive containing updated instructions on the storage of payment system data. The directive requires all payment system providers to store the payment data only in India. The data subject to the localisation requirement includes full end-to-end transaction details, such as information collected, carried and processed as part of the payment instruction. If the transaction involves a foreign entity, the data can also be stored in the foreign country if required by the other country's regulations. All systems must comply with the directive within six months and report compliance to the Reserve Bank by 15 October 2018, as well as the System Audit Report (SAR) approved by the Indian Computer Emergency Response Team before 31 December 2018.
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