Reserve Bank of India (RBI) has extended the period of enhanced Prepaid Payment Instruments (PPI) limit of Rs 20,000 as part of efforts to promote digital payments. Keeping in view that Bank is undertaking a comprehensive review of the guidelines and framework for PPI issuance in the country, it has been decided to extend the measures till the completion of review of the PPI guidelines.
So, let’s discuss some questions related to this post:
Q1. How much the RBI has extended the period of Prepaid Payment Instruments, recently?
Ans1. Rs 20,000