Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India
RBI/2008-09/458
DPSS.CO.PD.No. 1873 /02.14.06/ 2008-09
To
All System Providers, System Participants
and any other prospective prepaid payment instrument issuer
Dear Sir,
Policy Guidelines for issuance and operation of
Prepaid Payment Instruments in India
Pre-paid payment instruments issued by banks and non-bank entities have been gaining popularity as a means of payment in
2. As stated in paragraph 151 of Annual Policy Statement for 2009 - 2010 Reserve Bank of
3. A copy of the Directions issued by us under Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007) in this regard is enclosed.
Yours faithfully
(G.Padmanabhan)
Chief General Manager
Encl: as above
CAclubindia
jyoti
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