Master Direction on Prepaid Payment Instruments (PPIs), 2026

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Last updated: 23 April 2026
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This document, titled 'Master Direction on Prepaid Payment Instruments (PPIs), 2026', outlines the updated regulations and guidelines for prepaid payment instruments in India. It covers crucial aspects such as authorisation, conduct of business, categories of PPIs, escrow account management, and reporting requirements. This is an essential read for all entities involved in issuing or managing prepaid payment instruments, including banks and non-bank entities.

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Explore the latest RBI guidelines governing issuance, usage, compliance, KYC norms and security of prepaid instruments in India. #pdf
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Submitted by · Posted 23 April 2026 · Other files by Shree · Report
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