RBI1 min read
Prepaid Payment Instrument
Payment instruments like mobile wallets, gift cards, and prepaid cards authorised by RBI under the Payment and Settlement Systems Act, 2007. Categorised as small PPIs (up to ₹10,000) and full-KYC PPIs (up to ₹2 lakh).
Last updated: 17 May 2026
Frequently Asked Questions (FAQs)🔗
Q1. What is Prepaid Payment Instrument in Indian corporate law?▼
Payment instruments like mobile wallets, gift cards, and prepaid cards authorised by RBI under the Payment and Settlement Systems Act, 2007. Categorised as small PPIs (up to ₹10,000) and full-KYC PPIs (up to ₹2 lakh).
Q2. Why is Prepaid Payment Instrument important for compliance?▼
Prepaid Payment Instrument is governed by the Reserve Bank of India under applicable banking and monetary policy frameworks. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Q3. Who should know about Prepaid Payment Instrument?▼
Prepaid Payment Instrument is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with RBI regulatory matters in India.
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