Go

Follow Us

RBI proposes prepaid card

Mumbai: The RBI today proposed to introduce a prepaid payment instrument (PPI) that could be used only for transactions of goods and services worth up to Rs 10,000.

Mumbai, December 5

The RBI today proposed to introduce a prepaid payment instrument (PPI) that could be used only for transactions of goods and services worth up to Rs 10,000.

PPIs have been playing an important role in promoting digital payments and bringing in the new PPI will further facilitate its usage, as per an RBI statement issued post announcement of the monetary review today. — PTI

Show comments

Show comments

Top News

Arvind Kejriwal, others to march towards BJP HQ tomorrow, ‘arrest us if you can’, dares Delhi CM

Arvind Kejriwal's personal secretary Bibhav Kumar, accused of assaulting AAP MP Swati Maliwal, arrested

Back-to-back terrorist attacks in Kashmir: Ex-sarpanch killed in Shopian, tourist couple injured in Anantnag

AAP releases new video showing Swati Maliwal walking out of Delhi CM Arvind Kejriwal's residence

Fifth phase: Campaigning ends for 49 seats; Amethi, Rae Bareli, Baramulla in limelight; Bengal sees highest security deployment

Don’t Miss

View All

Surjit Patar’s writings will inspire generations: Ex-PM Manmohan Singh

Golgappa makes frequent entry into White House menu with guests being served with mouth-watering popular Indian street food

In the last year, it has been served at least a couple of times

40-year-old Delhi man takes 200 flights in 110 days to steal jewellery from co-passengers, would assume dead brother’s identity

2 separate cases of theft were reported on separate flights in the past three months, after which a dedicated team from IGI Airport was formed to nab the culprits

Deceased Haryana girl’s parents donate her organs

Organ donation: In death, Kaithal lad Shubham gives new lease of life to 5 patients

Mother's Day Special: How region’s top cops, IAS officer strike a balance between work and motherhood

Punjab DGP Gurpreet, Himachal DGP Satwant, Chandigarh SSP Kanwardeep, Ferozepur SSP Saumya, IAS officer Amrit Singh open up on the struggles they face

41-yr-old fulfils daughter’s wish, passes Class X exam

Enduring magic of Surjit Patar: A tribute to Punjab’s beloved poet

A tribute to Punjab’s beloved poet, who passed away aged 79 in Ludhiana

View all stories in this section

Most Read In 24 Hours

1

2

3

4

5

6

7

8

9

10