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.
Chief General Manager
Please refer to the attached file for details