PAYOUTS Change The Reserve Bank Of India has issued a notification dated 24th November, 2009, http://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=5379 with respect to settlement of payments for electronic transactions that are managed through intermediaries i.e. PayPal, CCAvenue etc. Press article on the same notification is available here http://economictimes.indiatimes.com/infotech/ites/E-payments-to-be-credited-directly-to-merchants/articleshow/5283727.cms