RBI issued an update to the Master Directions

Oct 02, 2026 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Reserve Bank of India (RBI) on September 30, 2026, issued an update to the Master Directions on Prepaid Payment Instruments (PPIs).

Point 11.3 has been updated. It establishes the core mandate for interoperability among prepaid payment instrument providers.

The primary requirement set forth under this specific clause states:

Mandatory Policy for Interoperability: The PPI issuer shall have a formal, documented policy in place dedicated to achieving and operationalising PPI interoperability.

[Notification No. - RBI/DPSS/2021-22/82 CO.DPSS.POLC.No.S-479/02.14.006/2021-22]

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