Context
Recently a committee was set up to review the Customer Service Standards in RBI Regulated Entities has recommended that “ the central bank should examine the extension of Deposit Insurance and Credit Guarantee Corporation (DICGC) cover Prepaid Payment Instrument (PPI) to , which, at present, is available only to bank deposits.“
About Prepaid Payment Instrument (PPI):
Prepaid Payment Instrument (PPI) holders are going to get protection for their money against any fraud or unauthorised payment transactions. |
Who can issue PPI instruments?
What has the RBI committee recommended?
What is DICGC?
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Verifying, please be patient.