Fwd: RBI tightens norms for pre-paid cards

[Gopal Krishan Doda]

RBI tightens norms for pre-paid cards

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RBI tightens norms for pre-paid cards Posted: 30 Mar 2014 08:46 PM PDT The Reserve Bank of India tightened and streamlined the norms regarding issuance of pre-paid payment instruments and capped their maximum value at Rs. 50,000. “The developments in the pre-paid payment instrument segment have necessitated a comprehensive review of guidelines issued so far,” RBI said in a statement today, adding that the maximum balance of any such instrument […] The post RBI tightens norms for pre-paid cards appeared on InvestmentKit Articles. This is the content summer only. To view complete article, click on title heading.