RBI Draft Master Direction on Prepaid Payment Instruments (PPIs) – 22nd April 2026

Date of Issue: April 22, 2026 | Public Feedback Deadline: May 22, 2026 1. Applicable Entities The guidelines under this Draft Master Direction are applicable to the following entities operating within the digital payment ecosystem: Bank PPI Issuers: Scheduled Commercial Banks and other banking entities permitted by the RBI to issue digital wallets and prepaid […]

RBI Master Direction Draft