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List of Banks permitted for issuance and operation of PPII Banner

List of Banks permitted for issuance and operation of PPII detail

List of Banks permitted for issuance and operation of Prepaid Payment Instruments in India

List of Banks permitted for issuance and operation of Prepaid Payment Instruments in India as on February 15, 2024
S No. Name of the Banks

Airtel Payments Bank Limited

American Express Banking Corporation

A. P. Mahesh Co-operative Urban Bank Limited

Au Small Finance Bank Limited

Axis Bank Limited

Bandhan Bank Limited

Bank of Barodaµ

Bank of India

Bank of Maharashtra

Barclays Bank PLC

Canara Bank

Central Bank of India

Citi Bank N.A.

City Union Bank Limited

DBS Bank India Limited

DCB Bank Limited

Equitas Small Finance Bank Limited

ESAF Small Finance Bank Limited

Fincare Small Finance Bank Limited

Fino Payments Bank Limited

First Rand Bank

HDFC Bank Limited

ICICI Bank Limited

IDBI Bank Limited

IDFC FIRST Bank Limited

Indian Bank

Indian Overseas Bank

IndusInd Bank Limited

Jana Small Finance Bank Limited

Jio Payments Bank Limited

Karnataka Bank Limited

Karur Vysya Bank Limited

Kerala Gramin Bank

Kotak Mahindra Bank Limited

Lakshmi Vilas Bank Limited

NSDL Payments Bank Limited

Paytm Payments Bank Limited

Pragathi Krishna Gramin Bank

Punjab National Bankα

Punjab & Sind Bank

SBM BANK (INDIA) LTD.

South Indian Bank Limited

Standard Chartered Bank

State Bank of India@

Tamilnad Mercantile Bank Limited

The Ahmedabad Mercantile Co-operative Bank Limited

The Catholic Syrian Bank Limited

The Dhanlaxmi Bank Limited

The Federal Bank Limited

The Gujarat State Co-operative Bank Limited

The New India Co-operative Bank Limited

The Rajasthan State Co-operative Bank Ltd.

TJSB Sahakari Bank Limited

RBL Bank Limited

The Saraswat Co-operative Bank Limited

UCO Bank

Union Bank of Indiaβ

Utkarsh Small Finance Bank Limited (Only for FASTag issuance facility)

Yes Bank Limited

@ As per the Government of India order dated February 22, 2017 regarding acquisition of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore by State Bank of India, the erstwhile associate banks of SBI have merged with SBI with effect from April 1, 2017.
µ As per the Government of India Gazette Notification dated January 02, 2019, Vijaya Bank and Dena Bank amalgamated with the Bank of Baroda with effect from April 01, 2019.
α As per the Government of India Gazette Notification dated March 4, 2020, Oriental Bank of Commerce and United Bank of India amalgamated with Punjab National Bank with effect from April 01, 2020.
β As per the Government of India Gazette Notification dated March 4, 2020, Andhra Bank and Corporation Bank amalgamated with Union Bank of India with effect from April 01, 2020.
Ω As per the Government of India Gazette Notification dated March 4, 2020, Syndicate Bank amalgamated with Canara Bank with effect from April 01, 2020.
ℼ As per the Government of India Gazette Notification dated March 4, 2020, Allahabad Bank amalgamated into Indian Bank with effect from April 01, 2020.

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