Instruction circular Prepaid Payment Instruments (PPIs) (Instruction circular dated 19-05-2021) – RBI

• 21st, May 2021
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Instruction circular Prepaid Payment Instruments (PPIs) (Instruction circular dated 19-05-2021) – RBI

• Mandating Interoperability;
• Increasing the limit of 2 Lakh for Full KYC PPIs and ;
• Permitting cash withdrawal from full KYC PPIs of Non -Bank PPI Issuers.
• Instructions are issued under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007.