Discussion
Amount in a PPI should not exceed _____ if the customer provides minimum KYC details to the PPI issuing entity.
Answer: A
Correct answer: Rs. 10,000
Where the issuer has taken only minimum details - a mobile number verified by OTP and a self-declared identification number - the balance in the PPI may not exceed ₹10,000 at any time, and not more than ₹10,000 may be loaded in a month. Completing full KYC raises the ceiling to ₹2 lakh.
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