Also allows rupee-denominated cards to be issued for NRI, foreign travellers In a bid to boost the growth of the industry, the Reserve Bank of India (RBI) has relaxed the norms for prepaid instruments (PPIs). A few days after issuing the final guidelines for niche banks, RBI has now allowed PPIs to issue cards with balance of up to Rs 1 lakh. Earlier, the limit was Rs 50,000. "It has been considered necessary to amend certain provisions of the existing guidelines and issue additional guidelines for ensuring growth of the prepaid payment industry," RBI said in a notification. In a bid to boost the growth of the prepaid payment industry, RBI has also introduced a new category of open system PPIs. With this, a card can now be issued to the dependant or family member only if the account is fully Know Your Customer compliant (KYC). And only one card per beneficiary can be introduced. For such PPIs, the maximum cash out allowed per month is Rs 25,000 and Rs 10,000 per transaction.