The Reserve Bank of India (RBI) has issued a draft Master Direction on Prepaid Payment Instruments (PPIs) as part of its efforts to strengthen the regulatory framework and enhance transaction security.
The draft follows a comprehensive review of existing PPI guidelines, aimed at supporting long-term growth while ensuring safer and more efficient digital payment systems.
The RBI has invited comments and feedback from regulated entities, stakeholders, and the public, which can be submitted by May 22, 2026, through the ‘Connect 2 Regulate’ section on its official website.