Initial net worth requirement for getting a Prepaid Payment Instruments (PPI) license is
1). 1 crore
2). 2 crore
3). 3 crore
4). 4 crore
RBI has recently hiked initial net worth requirement for prepaid payment instruments (PPI) licence to Rs. 5 crore from Rs. 2 crore.
These firms which get PPI license should have net worth of Rs. 15 crore within three financial years of receiving authorization.