Receiving a legal notice under Section 25 of the Payment and Settlement Systems Act, 2007 can be confusing, particularly when the notice relates to a failed EMI, ECS mandate, NACH instruction, or another electronic payment. It is important to understand that the correct legal terminology is Payment and Settlement Systems Act, 2007, rather than “Payment of Settlement Act.” Section 25 deals with the dishonour of certain electronic funds transfers because of insufficient funds o