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Saturday, May 27, 2017

Issue of Pre-paid Payment Instruments by Co-operative Banks

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It has now been decided to permit all licenced co-operative banks having their own ATM network to issue semi-closed PPIs, provided there are no restrictions on acceptance or repayment of deposits. This is subject to the compliance with eligibility criteria and other guidelines as prescribed by Department of Payment and Settlement Systems (DPSS), Reserve Bank of India (RBI) from time to time.

May 27, 2017 at 09:25AM

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from editor2

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