Voluntary Retention Route Limit Raised; E-Rupi Voucher Cap Enhanced

The RBI has enhanced the cap on e-Rupi vouchers from Rs 10,000 to Rs 1 lakh. These vouchers can now be used more than once, until the balance is fully used.

The e-Rupi had been launched last year by the NPCI.

Alongside, Das said draft directions will be issued on IT outsourcing and IT governance by banks.”Extensive outsourcing of critical IT services, increased use of digital channels by customers exposes regulated entity to significant financial, operational, reputational risk,” he said.