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Master Directions on Prepaid Payment Instruments (PPIs)

 Notice Date : 27 August 2021

Reserve Bank  of India


August 27, 2021

All Prepaid Payment Instrument Issuers (Banks and Non-banks) and System Participants

Madam / Dear Sir,

Master Directions on Prepaid Payment Instruments (PPIs)

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.

2. These Directions are issued under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007.

Yours faithfully,

(P. Vasudevan)
Chief General Manager

Please refer to the attached file for details


on 28 August 2021
Notification No : RBI/DPSS/2021-22/82 CO.DPSS.POLC.No.S-479/02.14.006/2021-22
Published in Others
Source : , https://rbidocs.rbi.org.in/rdocs/notification/PDFs/82MDPPIS2708202181CF0A6FCD1B47B88CAE8E92A228B160.PDF
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