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RBI proposes measures to strengthen Prepaid Payment Instruments framework

Posted on April 22, 2026
By Business News Today
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RBI proposes measures to strengthen Prepaid Payment Instruments framework

The Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of these payment tools. Enhanced transaction security and clearer guidelines on refunds and customer grievances are key proposals. The RBI has issued a draft for public comment, with a deadline of May 22, 2026.