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.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
