PPI Laws definition
PPI Laws means the Master Directions on Prepaid Payment Instruments (PPIs), as updated from time to time read with the Payment and Settlement Systems Act, 2007, the rules, regulations, directions, and other mandates issued or notified thereunder.
Examples of PPI Laws in a sentence
Bank is authorised by the Reserve Bank of India ("RBI") to issue and operate pre-paid instruments in India in accordance with the PPI Laws.
Bank will offer PPI Services in accordance with the PPI Laws and these PPI Terms.
The limits for using your PPI Account as updated from time to time at Bank’s sole discretion and in accordance with PPI Laws will be available on the Portal for your reference.