RBI Data Localization Audit (SAR)

The RBI Data Localization Audit (SAR) is an audit conducted by the Reserve Bank of India to ensure that payment gateways and payment aggregators comply with the data localization requirements set by the RBI. The paper’s major points should be summarised and explained to readers in a research paper conclusion. Although conclusions are not always presented as new information omitted in the article, they often recast problems and provide a fresh perspective on this subject. 

The Reserve Bank has taken several initiatives to upgrade payment systems, increase their safety and efficiency, regulate and monitor payment systems, improve market infrastructure for security and effective transactions, and encourage innovation and acceptance of e-payments.

For the Reserve Bank of India to be able to regulate and supervise payment schemes in India, it has a statutory mandate from the 2007 Payment and Settlement Systems Act. The RBI has also conceptualized a lightweight payment and settlements system, called a “bunker” equivalent of digital payments, that can be operated from anywhere by a bare minimum staff in exigencies such as natural calamities

RBI - Data Localisation

Our 7-step approach helps identify gaps, recommend corrective measures, and achieve certification with confidence

Our Approach

Accrediation and compliance

Audit Scope and Information Gathering

We begin by defining the scope of the audit and collecting all relevant information. This includes understanding your business objectives, IT environment, policies, and processes to establish a clear baseline for assessment and evaluation.

Accrediation and compliance

Business Process and Control Assessment

Our experts evaluate your business processes and existing control frameworks to measure their effectiveness against compliance standards and best practices.

Accrediation and compliance

Documentation Review

We review policies, procedures, and technical documentation to verify that your security practices are documented, updated, and aligned with the compliance framework.

Accrediation and compliance

Preliminary Audit

A preliminary assessment is conducted to identify potential gaps and non-conformities. This step provides early insights and helps organizations prepare for the final audit.

Accrediation and compliance

Consultation for Corrective Action

Our team provides clear recommendations and consults with your stakeholders to implement corrective actions that close compliance gaps and strengthen your security posture.

Accrediation and compliance

Final Audit and Evidence Verification

Once corrective measures are implemented, we conduct the final audit to verify evidence and ensure that all controls are functioning effectively.

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