NECS, NEFT and RTGS) and decentralised (viz. MICR, ECS, RECS), membership criteria have been rationalised and made open to all licensed banks.
An alternate mechanism of sub-membership has also been opened for accessing centralised payment systems for all licenced banks like the Regional Rural Banks and Co-operative banks which have the capabilities but are not participating in centralised payment systems on account of either not meeting the access criteria or because of cost considerations.