MUMBAI, India, April 22 -- Reserve Bank of India issued the following press release:
As a part of its continued efforts to develop a conducive framework for long term growth of Prepaid Payment Instruments (PPIs) with enhanced security of transactions, a comprehensive review of guidelines on PPIs has been undertaken by the Reserve Bank. Accordingly, RBI today released the draft Master Direction on Prepaid Payment Instruments.
The comments / feedback on the draft Direction may be submitted by the regulated entities and members of public / other stakeholders on or before May 22, 2026 through the 'Connect 2 Regulate' section on the website by following the corresponding hyperlink provided against each document in the page where they are hosted.
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/124
Disclaimer: Curated by HT Syndication.
