Safety & rules
What the RBI's 2026 draft PPI rules mean for your kid's Junio card
RBI released a draft Master Direction on Prepaid Payment Instruments in April 2026. Comments close May 22. Here's what's actually in it for Junio families.
Tag
2 posts tagged with this
RBI released a draft Master Direction on Prepaid Payment Instruments in April 2026. Comments close May 22. Here's what's actually in it for Junio families.
A plain-English walkthrough of the rules — what minors can and can't have, what KYC is required, why most kids' cards are PPIs (not bank accounts), and what disclosure parents should expect.