The Reserve Bank of India has issued a draft Master Direction on Prepaid Payment Instruments following a comprehensive review of existing PPI guidelines and is seeking comments from regulated entities and other stakeholders by 22 May 2026 via the ‘Connect 2 Regulate’ section of its website.
Reserve Bank of India 2026-04-22
Reserve Bank of India consults on draft Master Direction updating prepaid payment instrument rules
The Reserve Bank of India has issued a draft Master Direction on Prepaid Payment Instruments following a comprehensive review of existing PPI guidelines. It is seeking comments from regulated entities and other stakeholders via the “Connect 2 Regulate” section of its website.