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RBI PREPAID CARDS
New PAN norms 2026: Where quoting is relaxed and where it’s now mandatoryNew Income Tax Rules, 2026 have relaxed PAN quoting for several transactions, including cash deposits and debit card applications. However,...- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- No PAN, no purchase allowed - not even with Form 97; PAN is now mandatory for these high value transactions under new tax rulesNew Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, but its use...
- RBI cancels Paytm bank license, to approach high courtThe Reserve Bank of India has taken decisive action against Paytm Payments Bank by cancelling its banking licence. This means that the bank...
- HDFC Bank alerts clients on card swipe for overseas dealsIn recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...
- RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...
- RBI proposes measures to strengthen Prepaid Payment Instruments frameworkThe Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of thes...
- RBI seeks to give customers choice of card networkNetworks of American Express, Diners Club International, Mastercard, Visa and homegrown RuPay provide services to customers in India, but t...
- RuPay forex cards to be issued soon; can be used at overseas ATMs, PoS machines, online merchantsRuPay Debit and Credit cards issued by banks in India have gained international acceptance through bilateral arrangements with internationa...
- SBM Bank delivers a blow to card-fintechs barring onboarding of new usersFintech unicorn Slice has hit pause on new card issuance but acquiring users via UPI and other products.
- Railways, metros can now issue pre-paid cards; commuters to benefitRBI allowed mass transit system operators to issue pre-paid cards, wherein a customer can transfer money that can be swiped against machine...
- RBI allows mass transit operators to issue their pre-paid cardsMass Transit System operators such as Mumbai Metro, Delhi Metro, Indian Railways and even local buses can now issue their pre-paid cards.
- RBI doubles pre-paid card limit to Rs 1 lakhBesides, the maximum validity of gift cards has been enhanced from one year to three years, the RBI said.
- Prepaid e-wallets may help Uber meet RBI guidelinesRBI on Friday said that payments for local services would have to be routed through domestic payment gateways.
- RBI puts Aadhaar-linked cards on holdThe move comes in the wake of banks complaining that biometric authentication across all point of sales terminals was proving to be a chall...
- RBI tightens norms for pre-paid cards; caps value at Rs 50KThe Reserve Bank today tightened and streamlined the norms regarding issuance of pre-paid payment instruments and capped their maximum valu...
- RBI allows cash withdrawal of upto Rs 1,000/day via prepaid cardsRBI allowed cash withdrawals of up to Rs 1,000 a day through prepaid cards, including gift cards, issued by banks from point of sale termin...
- Pre-paid cards can be used to pay school/college fees: RBIReserve Bank today allowed holders of pre-paid payment cards, to deposits school and college fees and pay taxes.
- You can't use your cell prepaid card for shopping nowRBI is opposed to the idea of allowing prepaid mobile phone balances to be used in lieu of cash and to buy goods and services other than mo...
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