Closed System PPIs

PPB Alternate Delivery Channels – Digital Banking Free JAIIB Capsule 30 views Updated 20 Sep 2026

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PPB · Alternate Delivery Channels – Digital Banking

Prepaid Payment Instruments (PPIs) facilitate purchases against a pre-loaded value. What defines a 'Closed System' PPI, and do they require RBI approval to be issued?

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Prepaid Payment Instruments (PPIs) facilitate purchases against a pre-loaded value. What defines a 'Closed System' PPI, and do they require RBI approval to be issued?

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This capsule covers Principles & Practices of Banking, Alternate Delivery Channels – Digital Banking. Members get the complete explanation plus every other premium capsule, mock test and PDF.

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