Master direction on prepaid payment instruments (PPIs) (dated – 27.08.2021) – RBI

• 30th, August 2021
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Master direction on prepaid payment instruments (PPIs) (dated – 27.08.2021) – RBI

• This has reference to the Master Direction dated October 11, 2017 on Issuance and Operation of Prepaid Payment Instruments (PPI-MD) and subsequent amendments made thereto. Keeping in view the recent updates to PPI guidelines, it has been decided to issue the Master Directions afresh.
• These Directions are issued under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007.