RBI Notification – Prepaid Payment Instruments

Dear aspirants,

Recently RBI came up with notification on Prepaid Payment Instruments also known as PPI’s. PPI’s are instruments which are charged beforehand and used later just like a Paytm Wallet or a Metro card

They are basically of two types – open ended and close ended. Open ended are the one’s which can be used at many places such as Paytm wallet where as closed ended are the one’s which can be used only with the issuer issuing it. Metro card which can just be used for metro travel is an example of closed ended PPI

PPI is an important topic and it comes under unit “Changing Landscape in the Banking Sector” of RBI Grade B syllabus. The notification released by RBI lays down the rules and regulations with respect to operations of PPI’s in India. This notification is very important from the exam point of view and one must try to understand the same rather than cramming the rules mentioned by RBI


We have made a detailed video on this new regulation which will help you understand each and every small detail that you need to know for the exam.

About our RBI Grade B 2018 course
EduTap has already launched the RBI Grade B courses for 2018. Our courses are comprehensive courses comprising of Video Lectures, Concept Notes, Summary Sheets, Work Sheets and MCQs for each topic.
The emphasis is on building strong concepts along with lot of practice in real time environment.

We are proud to inform you about our extra-ordinary results in 2017 exam120+ Students who subscribed to our course cleared Phase 2 and are appearing for Interviews currently.

You can enroll to the course by clicking here

Watch sample video lessons by clicking here


All our previous year subscribers are eligible for an 30% discount. All you need to do is send us a mail at deepak@edutap.co.in mentioning the course you would like to subscribe to.

Happy learning!


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