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RBI tightens prepaid wallet rules with Rs 2 lakh monthly debit cap for full KYC users
Economy
Published on 24 April 2026
New Rs 25,000 transfer ceiling could change habits
The RBI has overhauled Prepaid Payment Instrument rules, setting a Rs 2,00,000 monthly debit limit for full-KYC PPIs. It also introduces a Rs 25,000 sublimit specifically for person-to-person transfers. The revised Master Direction is designed to strengthen safeguards, improve usage clarity, and boost user protection across prepaid wallet categories.
- Full-KYC PPIs now face a Rs 2 lakh monthly debit limit
- Person-to-person transfers are capped at Rs 25,000 per month
- Changes come under the RBI Master Direction on PPIs
- Rules aim to enhance security and protect users
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times