RBI Issues Alert Against Prepaid Payment Instruments By Illegal Entities

The list of authorised payment system providers/ authorised payment system operators is displayed on RBI website.

The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.

"Members of public are urged to exercise utmost caution while using websites/ applications, and parting with their money to any such unauthorised entity," the RBI said. Members of the public should verify and satisfy themselves that the website/ application used or the entity they are dealing with is authorised to carry out the activity it performs, it said.

The list of authorised payment system providers/ authorised payment system operators is displayed on RBI website.