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PREPAID INSTRUMENTS RBI
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...21 May, 2026, 06.00 AM IST- 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 ...18 May, 2026, 05.46 PM IST
- RBI imposes penalty on IIFL FinanceThe Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Tech...15 May, 2026, 06.52 PM IST
- 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...28 Apr, 2026, 02.21 PM IST
- 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...25 Apr, 2026, 12.41 AM IST
- 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...23 Apr, 2026, 02.42 PM IST
- CCIL chief explains what financial markets will now need to keep pace with volatile geopoliticsFinancial markets must become more agile and intelligent. CCIL Chairman Rajeshwar Rao highlighted the need for stronger integration to face...23 Apr, 2026, 01.49 PM IST
- RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI normsThe Reserve Bank of India has unveiled draft guidelines for prepaid payment instruments. These new rules aim to strengthen compliance and c...22 Apr, 2026, 10.12 PM IST
- 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...22 Apr, 2026, 07.41 PM IST
- RBI fines Pine Labs Rs 3.1 lakh for KYC lapses on prepaid payment instrumentsThe move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...27 Mar, 2026, 08.58 PM IST
- RBI to introduce new prepaid payment instrument for digital transactions up to Rs 10,000RBI proposed to introduce a new type of prepaid payment instruments (PPIs) which can be used only for the purchase of goods and services up...06 Dec, 2019, 12.26 PM IST
- Resolve your mobile wallets complaints with issuer's ombudsman first before going to RBIPaytm Wallet and PhonePe Wallet are some examples of pre-paid instruments.04 Oct, 2019, 12.57 PM IST
- Digital transactions in July touch 859.2 millionWhile digital payments have witnessed a growth trajectory over the last few months, wallet transactions and card payments have come off the...10 Aug, 2017, 12.57 AM IST
- 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...28 Mar, 2014, 10.47 PM IST
- 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...05 Sep, 2013, 10.53 PM IST
- 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...07 Feb, 2009, 03.19 AM IST
- RBI issues guidelines for pre-paid instrumentsThe Reserve Bank today came out with an approach paper for regulating issuance of pre-paid payment instruments such as smart cards, mobile ...07 Nov, 2008, 08.56 PM IST
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