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RBI issues Draft Master Direction on Prepaid Payment Instruments (PPIs), 2026

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CA. Rohin Mehtaal   |   Published on: 23-04-2026 | 1 min read

As a part of its continued efforts to develop a conducive framework for long term growth of Prepaid Payment Instruments (PPIs) with enhanced security of transactions, a comprehensive review of guidelines on PPIs has been undertaken by the Reserve Bank. Accordingly, RBI today released the draft Master Direction on Prepaid Payment Instruments.

The comments / feedback on the draft Direction may be submitted by the regulated entities and members of public / other stakeholders on or before May 22, 2026 through the ‘Connect 2 Regulate’ section on the website by following the corresponding hyperlink provided against each document in the page where they are hosted.

(Brij Raj)           
Chief General Manager

Press Release: 2026-2027/124

About the Author

Written by CA. Rohin Mehtaal • 23-04-2026

CA. Rohin Mehtaal is a Chartered Accountant with experience in accounting systems, audit support, and GST compliance. He has assisted businesses in adopting structured financial processes and improving inventory accuracy. His writing emphasizes clarity, control, and data-driven decision making.

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