Reserve Bank of India extends timeline for completion of KYC for PPIs by 6 months

Reserve Bank of India extends deadline for completion of KYC for PPIs by 6 months

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Reserve Bank of India extends the deadline for completion of KYC for PPIs by 6 months

  • The Reserve Bank of India had earlier set a deadline for Prepaid Payment Instruments (PPI) issuers to complete the Know Your Customer (KYC) process by February 28, 2019. 
  • However, now the Reserve Bank of India has extended the deadline by 6 months. The new deadline hence stands at 31 August, 2019. 

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