PPI Master Direction does not permit loading of PPIs from credit lines, clarifies RBI; non-compliance may attract penal action under the PSS Act, 2007
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RBI amends Payment and Settlement Systems Regs.; Now, System Participants also required to comply with payment instructions and other matters.; removes submitting various returns/documents to Bank
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RBI issues amendment to Master Directions on Prepaid Payment Instruments, 2021 (MD-PPIs, 2021); effective immediately
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