{"id":90570,"date":"2026-04-30T15:45:51","date_gmt":"2026-04-30T10:15:51","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=90570"},"modified":"2026-04-30T15:50:09","modified_gmt":"2026-04-30T10:20:09","slug":"rbi-master-direction-on-prepaid-payment-instruments","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/rbi-master-direction-on-prepaid-payment-instruments\/","title":{"rendered":"RBI\u00a0Master Direction on Prepaid Payment Instruments (PPIs), 2026: Key RBI Rules, Limits, and Compliance Guide\u00a0\u00a0"},"content":{"rendered":"<p>Digital payments are now a big part of daily life in India. An important part of this system is prepaid payment instruments or PPIs.&nbsp;So, these are payment tools where money is first loaded, and then that money can be spent.&nbsp;Such as digital wallets, prepaid cards, gift cards, and transit cards.&nbsp;<\/p>\n\n\n\n<p>In April 2026, the RBI released a new draft rule, called Draft Master Direction on Prepaid Payment Instruments&nbsp;(PPIs), 2026. This new rule aims to make this sector safer, more transparent, and stronger. This will provide better protection for the customers, and the industry will also progress better.&nbsp;Also,&nbsp;<strong><a href=\"https:\/\/enterslice.com\/prepaid-wallet-license\">PPI license<\/a><\/strong>&nbsp;seekers must be aware of the regulatory updates.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What are Prepaid Payment Instruments (PPI)?&nbsp;<\/h2>\n\n\n\n<p>Prepaid Payment Instruments, or PPI, are a payment tool where you add money first. Then you spend that money later. Meaning, load money first and use it later.&nbsp;<\/p>\n\n\n\n<p><strong>There are some common types of PPI:<\/strong>&nbsp;<\/p>\n\n\n\n<ul>\n<li>Digital wallet&nbsp;<\/li>\n\n\n\n<li>Prepaid card&nbsp;<\/li>\n\n\n\n<li>Gift card&nbsp;<\/li>\n\n\n\n<li>Transit card&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>PPI is used for online shopping, mobile recharge, bill payments, and even metro or bus fares. Suppose you add &#8377;1,000 to a digital wallet. Then, you can order food, pay electricity bills, or make payments at shops. This is how PPI has made our daily transactions easier.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why RBI Introduced the Master Direction on Prepaid Payment Instruments (PPIs), 2026?&nbsp;<\/h2>\n\n\n\n<p>The use of prepaid payments in India has increased very rapidly. More people are using digital wallets, prepaid cards, and UPI than ever before. The total transactions till March 2025 were around 297 billion. This is more than 100 times more than in 2012. This growth is quite surprising.&nbsp;<\/p>\n\n\n\n<p>So, the old rules of 2021 are no longer sufficient. Times have changed, and technology has also advanced a lot. New fintech companies have come. People&rsquo;s usage has also increased a lot.&nbsp;<\/p>\n\n\n\n<p><strong>RBI is bringing new rules, such as:<\/strong>&nbsp;<\/p>\n\n\n\n<ul>\n<li>UPI is now being used a lot&nbsp;<\/li>\n\n\n\n<li>Innovations are happening rapidly in the fintech sector&nbsp;<\/li>\n\n\n\n<li>Customers need better protection&nbsp;<\/li>\n\n\n\n<li>Risk control needs to be tightened&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>RBI wants&nbsp;new technology&nbsp;to come. But security and trust must always be&nbsp;maintained.<\/p>\n\n\n\n<div style=\"margin:30px 0; padding:30px; background-color:#0b5ed7; border-radius:8px;\">\n  <div style=\"max-width:900px; margin:0 auto; color:#ffffff;\">\n \n    <h3 style=\"color:#ffffff; font-size:22px; font-weight:600; margin-bottom:12px;\">\nMaster RBI&rsquo;s PPI framework and power your fintech growth-Enterslice delivers the compliance expertise your digital payments business needs<\/h3>\n \n      <a href=\"https:\/\/enterslice.com\/consultation?sid=N0N6V29JdDRHZFJHaUhvUWpOZTdUQT09\" target=\"_blank\" style=\"\n       display:inline-block;\n       padding:14px 28px;\n       background-color:#ffffff;\n       color:#0b5ed7;\n       text-decoration:none;\n       font-size:16px;\n       font-weight:600;\n       border-radius:6px;\" rel=\"noopener\">\n       Book a 1:1 Virtual Meeting\n    <\/a>\n \n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Major Changes Proposed under the Master Direction on Prepaid Payment Instruments (PPIs), 2026&nbsp;<\/h2>\n\n\n\n<p>The RBI&rsquo;s draft PPI rules for 2026 have brought several&nbsp;important changes. The main aim is to make the sector safer, more transparent, and stronger.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">New rules for non-bank PPI issuers<\/h3>\n\n\n\n<p>From now on, non-bank entities that want to issue PPI will have to be registered in India. But their company&rsquo;s objects clause will have to clearly mention the issue of PPI. Most importantly, they will not be able to launch a PPI without RBI&rsquo;s approval.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Newminimumnet worth requirement&nbsp;<\/h3>\n\n\n\n<p>Non-bank PPI issuers will have to have a net worth of at least &#8377;5 crore at the time of application. Moreover, this net worth will have to reach &#8377;15 crore by the end of the third&nbsp;financial year&nbsp;after getting approval. This will allow only financially strong entities to survive in the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Market&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/market\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>market<\/a>.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">New limits for Full-KYC PPI<\/h3>\n\n\n\n<ul>\n<li>Maximum balance: &#8377;2 lakh&nbsp;<\/li>\n\n\n\n<li>Monthly debit limit: &#8377;2 lakh&nbsp;<\/li>\n\n\n\n<li>P2P transfers per month: &#8377;25,000&nbsp;<\/li>\n\n\n\n<li>Cash loading per month: &#8377;10,000&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>This will give users more benefits, but there will also be controls.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Restrictions on Small PPI<\/h3>\n\n\n\n<ul>\n<li>Maximum balance: &#8377;10,000&nbsp;<\/li>\n\n\n\n<li>Monthly debit limit: &#8377;10,000&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>P2P transfers cannot be made&nbsp;<\/p>\n\n\n\n<p>Cash withdrawals cannot be made&nbsp;<\/p>\n\n\n\n<p><strong>Maximum tenor:<\/strong>&nbsp;2 years&nbsp;<\/p>\n\n\n\n<p>These restrictions are in place for small transactions, which are less risky.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Special types of PPI: Gift PPI, Transit PPI, and UPI One World&nbsp;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Gift PPI<\/h3>\n\n\n\n<p>Gift PPI is usually used for gifting. It cannot be reloaded.&nbsp;It has to be used once it is loaded.&nbsp;Its maximum value is &#8377;10,000.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Transit PPI&nbsp;<\/h3>\n\n\n\n<p>Transit PPI is mainly used for transportation, such as the metro or bus cards.&nbsp;It does not require a KYC. However, it can hold a maximum balance of &#8377;3,000. It is very convenient for short and daily trips.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">UPI One World for Foreign Nationals and NRIs&nbsp;<\/h3>\n\n\n\n<p>RBI has launched the UPI One World facility for foreign nationals and NRIs. It can be used while travelling in India.&nbsp;<\/p>\n\n\n\n<ul>\n<li>Passport and visa verification are mandatory&nbsp;<\/li>\n\n\n\n<li>Only merchant payments can be made&nbsp;<\/li>\n\n\n\n<li>Monthly debit limit is &#8377;5 lakh&nbsp;<\/li>\n\n\n\n<li>It will be closed after the visa expires&nbsp;<\/li>\n\n\n\n<li>FEMA rules will have to be followed&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>This will make digital payments in India much easier for foreign visitors.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stronger Compliance and Customer Protection System&nbsp;<\/h2>\n\n\n\n<p>RBI has given importance to customer protection in the new rules. This will make users&rsquo; money safer and will also increase trust in the system.&nbsp;<\/p>\n\n\n\n<ul>\n<li>Escrow accounts are mandatory for non-bank PPI issuers.&nbsp;<\/li>\n\n\n\n<li>Customer funds should not be mixed with the company&rsquo;s own funds.&nbsp;<\/li>\n\n\n\n<li>Customer funds should be kept separately.&nbsp;<\/li>\n\n\n\n<li>Regular reconciliations should be carried out.&nbsp;<\/li>\n\n\n\n<li>Auditor certification should be&nbsp;submitted&nbsp;at regular intervals.&nbsp;<\/li>\n\n\n\n<li>All charges, terms, and conditions should be clearly&nbsp;stated.&nbsp;<\/li>\n\n\n\n<li>The refund process should be made easier and more transparent.&nbsp;<\/li>\n\n\n\n<li>A strong grievance redressal mechanism should be in place to report complaints.&nbsp;<\/li>\n\n\n\n<li>There should be a rule to close wallets that are not used for a long time.&nbsp;<\/li>\n\n\n\n<li>Regular reports should be&nbsp;submitted&nbsp;to the RBI.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>These changes are&nbsp;very beneficial&nbsp;for customers. This will reduce the risk of fraud. Users will be more secure with their money. People&rsquo;s trust in the entire PPI system will increase.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Interoperability and Co-branding&nbsp;<\/h2>\n\n\n\n<p>The new draft of RBI requires&nbsp;Full-KYC PPI to be interoperable. These wallets can be used on other platforms through UPI or card networks. This will make it easier for users to make payments. Transactions can be made from one wallet to many places.&nbsp;<\/p>\n\n\n\n<p>Co-branding is also allowed. A PPI issuer can partner with another brand or company. A partner can help in marketing or distributing the product.&nbsp;<\/p>\n\n\n\n<p>However, compliance with all types of rules, customer protection, and legal liability will remain entirely with the PPI issuer. This will increase cooperation between fintech companies and brands, and responsibilities will also be clear.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact on Various Stakeholders&nbsp;<\/h2>\n\n\n\n<p>RBI&rsquo;s new PPI rules will&nbsp;impact&nbsp;all market participants. Some will get new opportunities, while others will face increased challenges.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">For Fintech companies&nbsp;<\/h3>\n\n\n\n<ul>\n<li>Compliance costs will increase&nbsp;<\/li>\n\n\n\n<li>Rules will be clearer&nbsp;<\/li>\n\n\n\n<li>Pressure on small firms may increase&nbsp;<\/li>\n\n\n\n<li>Consolidation in the market may be seen&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">For banks&nbsp;<\/h3>\n\n\n\n<ul>\n<li>Easier entry into the market than non-banks&nbsp;<\/li>\n\n\n\n<li>The RBI approval process is&nbsp;relatively simple&nbsp;<\/li>\n\n\n\n<li>Opportunity to stay ahead of the competition&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">For customers&nbsp;<\/h3>\n\n\n\n<ul>\n<li>Money will be safer&nbsp;<\/li>\n\n\n\n<li>Clear information about services and charges will be available&nbsp;<\/li>\n\n\n\n<li>Wallets will be easier to use on different platforms&nbsp;<\/li>\n\n\n\n<li>The complaint resolution system will be better&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">For foreign visitors and NRIs&nbsp;<\/h3>\n\n\n\n<ul>\n<li>Digital payments can be made easily through UPI One World&nbsp;<\/li>\n\n\n\n<li>Reduced dependence on cash while in India&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>These&nbsp;rules will make the market more mature and safer.&nbsp;<\/p>\n\n\n\n<div style=\"margin:30px 0; padding:30px; background-color:#0b5ed7; border-radius:8px;\">\n  <div style=\"max-width:900px; margin:0 auto; color:#ffffff;\">\n \n    <h3 style=\"color:#ffffff; font-size:22px; font-weight:600; margin-bottom:12px;\">\nStay fully compliant with RBI&rsquo;s PPI framework and grow confidently.<\/h3>\n \n      <a href=\"https:\/\/enterslice.com\/consultation?sid=N0N6V29JdDRHZFJHaUhvUWpOZTdUQT09\" target=\"_blank\" style=\"\n       display:inline-block;\n       padding:14px 28px;\n       background-color:#ffffff;\n       color:#0b5ed7;\n       text-decoration:none;\n       font-size:16px;\n       font-weight:600;\n       border-radius:6px;\" rel=\"noopener\">\n       Connect with Enterslice\n    <\/a>\n \n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Preparing Businesses for the New PPI Framework&nbsp;<\/h2>\n\n\n\n<p>Businesses should prepare now before the new rules come into effect. Planning will reduce problems later. Delaying compliance can increase problems.&nbsp;<\/p>\n\n\n\n<p><strong>Businesses should:<\/strong>&nbsp;<\/p>\n\n\n\n<ul>\n<li>Review current product structure&nbsp;<\/li>\n\n\n\n<li>Check required licenses and approvals&nbsp;<\/li>\n\n\n\n<li>Strengthen KYC and customer onboarding processes&nbsp;<\/li>\n\n\n\n<li>Improve escrow and fund management&nbsp;<\/li>\n\n\n\n<li>Update customer protection policies&nbsp;<\/li>\n\n\n\n<li>Have reporting and compliance systems in place&nbsp;<\/li>\n\n\n\n<li>Be technologically prepared for interoperability&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Companies that prepare will be able to adapt to the new rules more easily. This will also strengthen their position in the market.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Enterslice Can Help with Compliance under the Master Direction on Prepaid Payment Instruments (PPIs), 2026?&nbsp;<\/h2>\n\n\n\n<p>Understanding and&nbsp;complying with&nbsp;the new PPI rules can be a challenge for many businesses. Enterslice comes in as a reliable partner.&nbsp;<\/p>\n\n\n\n<p><strong>Our Services:<\/strong>&nbsp;<\/p>\n\n\n\n<ul>\n<li>RBI Licensing &amp; Registration Assistance&nbsp;<\/li>\n\n\n\n<li>Fintech Business Setup &amp; Approval Process Assistance&nbsp;<\/li>\n\n\n\n<li>KYC, AML &amp; Compliance Framework Development&nbsp;<\/li>\n\n\n\n<li>Escrow Compliance &amp; Internal Controls Consulting&nbsp;<\/li>\n\n\n\n<li>Co-Branding Agreement Preparation Assistance&nbsp;<\/li>\n\n\n\n<li>Policy Development &amp; Regular Regulatory Filings&nbsp;<\/li>\n\n\n\n<li>Ongoing Compliance Management &amp; Audit Support&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Enterslice helps businesses&nbsp;comply with&nbsp;regulations and prepares them for long-term success.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion&nbsp;<\/h2>\n\n\n\n<p>RBI&rsquo;s Draft PPI Rules 2026 is a major step forward for the prepaid payments sector in India. It is not just a new rule but also a new direction. Now, innovation alone is not enough; compliance is equally important to succeed in this sector.&nbsp;<\/p>\n\n\n\n<p>Companies that prepare will stay ahead of the market. Strong governance, customer protection, and proper operational readiness are now essential.&nbsp;<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/enterslice.com\/\">Enterslice<\/a><\/strong>&nbsp;can be a trusted partner for businesses at this time of change. We help companies adapt to new regulations easily through the right advice and support. So, contact us today for hassle-free compliance.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs Related To&nbsp;Prepaid Payment Instruments (PPIs)<\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3>What are Prepaid Payment Instruments (PPI)?<\/h3><p class=\"saswp-faq-answer-text\">PPI is a payment system where money is first deposited and then used. It is much like a prepaid mobile recharge. Digital wallets, prepaid cards, gift cards, and metro cards are all examples of PPIs. They can be used for online shopping, bill payments, ticket bookings, or payments at stores. It is&nbsp;very easy&nbsp;and convenient.<\/p><\/li><li style=\"list-style-type: none\"><h3>Why is RBI updating PPI rules in 2026?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Digital payments in India have grown very rapidly. Now people are using wallets, cards, and UPI more than ever before. The old 2021 rules are not fully adequate for this new reality. Hence, the RBI is bringing new rules. The aim is to increase security, strengthen customer protection, and keep pace with&nbsp;new technology.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>Who needs RBI approval to issue a PPI?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Non-bank institutions, such as fintech companies or wallet operators, that want to issue PPI will need RBI approval. They must be registered in India. In addition, the company's object clause should include the issue of PPI. The process is&nbsp;relatively easy&nbsp;for banks. However, RBI approval is mandatory for non-bank companies.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>What is the new net worth requirement for non-bank PPI issuers?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Non-bank PPI issuers should have a net worth of at least &#8377;5 crore at the time of application. After getting RBI approval, this amount should reach &#8377;15 crore by the end of the third&nbsp;financial year. The purpose of this rule is that only financially strong and stable institutions should work in this sector. This will also protect the interests of customers.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>What are the new limits for Full-KYC PPI?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">RBI has set some new limits for Full-KYC PPI. A maximum balance of &#8377;2 lakh can be&nbsp;maintained. A total of &#8377;2 lakh can be spent per month. In addition, P2P transfers of up to &#8377;25,000 can be made per month. A maximum of &#8377;10,000 can be loaded in cash. This will give users more benefits, but there will also be controls.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>What are the limitations of small PPI?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Small PPI is&nbsp;mainly for&nbsp;small transactions. It can be used up to a maximum balance of &#8377;10,000. It can be used up to &#8377;10,000 per month. P2P transfers cannot be made. Cash withdrawals are also not possible. In addition, its maximum validity is 2 years. These limitations have been kept&nbsp;to reduce&nbsp;risks. It is quite convenient for small users.<\/p><\/li><li style=\"list-style-type: none\"><h3>What is UPI One World, and who can use it?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">UPI One World is a special payment facility for foreign citizens and NRIs. Those who come to India to travel can use it. This facility will be provided after passport and visa verification. Only merchant payments can be made with it. The monthly debit limit is &#8377;5 lakh. This facility will also be closed when the visa expires.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>How will the new rules increase customer protection?<\/h3><p class=\"saswp-faq-answer-text\">The new rules have given&nbsp;great importance&nbsp;to customer protection. Customer money must be kept in a separate escrow account. The company cannot use that money for other purposes. Charges, terms, and services must be clearly&nbsp;stated. The refund system will be easier. There will be a better system for reporting complaints. This will increase customer trust and reduce risk.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>What is meant by interoperability in PPI?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Interoperability means that a wallet or PPI can be used across platforms. For example, a Full-KYC wallet can be used with other apps or merchants through UPI or card networks. This will&nbsp;greatly increase&nbsp;user convenience. They will not have to be stuck on different platforms. Payments will be easier, faster, and hassle-free.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3><strong>How can Enterslice help<\/strong> <strong>PPI issuers and fintech companies?<\/strong>&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Enterslice provides complete compliance support to PPI issuers and fintech companies. We help with RBI licensing, registration, KYC, and AML frameworks. We also help with escrow compliance, co-branding agreements, policy formulation, and regulatory filings. So, businesses can carry out their operations.&nbsp;<\/p><\/li><\/ol><\/div>","protected":false},"excerpt":{"rendered":"<p>Digital payments are now a big part of daily life in India. An important part of this system is prepaid payment instruments or PPIs.&nbsp;So, these are payment tools where money is first loaded, and then that money can be spent.&nbsp;Such as digital wallets, prepaid cards, gift cards, and transit cards.&nbsp; In April 2026, the RBI [&hellip;]<\/p>\n","protected":false},"author":61,"featured_media":90571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[11337],"tags":[],"acf":{"service_id":"994"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI\u00a0Master Direction on Prepaid Payment Instruments: Rules, &amp; Guide<\/title>\n<meta name=\"description\" content=\"Prepaid Payment Instruments, or PPI, are a payment tool where you add money first. Then you spend that money later. Meaning, load money first and use it later.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/rbi-master-direction-on-prepaid-payment-instruments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI\u00a0Master Direction on Prepaid Payment Instruments: Rules, &amp; Guide\" \/>\n<meta property=\"og:description\" content=\"Prepaid Payment Instruments, or PPI, are a payment tool where you add money first. Then you spend that money later. Meaning, load money first and use it later.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/rbi-master-direction-on-prepaid-payment-instruments\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-30T10:15:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-30T10:20:09+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2026\/04\/RBI.webp\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Monisha Chaudhary","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2022\/04\/Monisha-Chaudhary-150x150-1.jpg","authorDescription":"Monisha Chaudhary is a distinguished partner at Enterslice with 10+ years of relevant industry experience in company incorporation, fintech, regulatory compliance, insurtech consulting, and M&amp;A. Her creative thought process pushes her to draft excellent writeups. Besides effortlessly tackling business challenges, she invests her free time in writing blogs and articles.","postViews":5,"readingTime":7,"nextPost":null,"prevPost":{"id":90563,"slug":"how-to-set-up-a-business-in-germany-as-a-foreigner"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2026\/04\/RBI.webp","postTerms":"RBI","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/90570"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=90570"}],"version-history":[{"count":4,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/90570\/revisions"}],"predecessor-version":[{"id":90576,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/90570\/revisions\/90576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/90571"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=90570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=90570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=90570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}