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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Semi-closed prepaid payment instruments for mass transit enable operator-issued reloadable cards with restricted merchant use and no cash-out.</h1> A new category of semi-closed Prepaid Payment Instruments (PPIs) allows authorized mass transit system operators to issue reloadable PPIs that include Automated Fare Collection, are usable only within the transit system and allied on-premises merchants, require issuer-led merchant onboarding under standard due-diligence, carry minimum six months' validity, permit issuer-determined KYC, prohibit cash-out or refunds, exclude Domestic Money Transfer applicability, cap stored value at Rs. 2000, and remain subject to existing escrow, grievance redressal, reporting and MIS requirements.

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