Pre-paid cards can be used to pay school/college fees: RBI
MDT/PTI 19 June 2012

Pre-paid cards, which are convenient alternatives to cash and cheques, are mainly issued by banks and Non-Banking Financial Companies (NBFCs)

Mumbai: Making life easier for people, the Reserve Bank of India (RBI) has allowed holders of pre-paid payment cards, to deposits school and college fees and pay taxes, in addition to buying rail and air tickets within the prescribed limit of Rs10,000,...
Archived Premium Content
This article is outside your subscription period. You can buy this article individually.
Rs 50-Rs 100 + GST
Access will be given ONLY to this article.
Get access to complete archives
Rs 5000 + GST
Already a subscriber ? Log in
Free Helpline
Legal Credit