# Non-banks can't load credit lines on prepaid payment instruments, says RBI **URL:** \ **Category:** General\ **Tags:** news\ **Created:** [20 June 2022 19:35 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725 "2022-06-20T19:35:21Z")\ **Posts on this page:** 15\ **Page:** 4
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [30 June 2022 13:37 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/61 "2022-06-30T13:37:40Z")
Just received thisšŸ”½ ![Screenshot_2022-06-30-19-01-10-961_com.google.android.apps.messaging](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/e/ec3fc0c570ecf114e6a2eae4d8ccb4a8cf42f004.jpeg) Even though Bettr is a credit card they have blocked transactions citing RBI regulations even thoug their credit partener is SBM Bank. @CarolinMerces šŸ‘†this is what I was talking the day these guidlines were issued , whatever Technofino guy said isnā€™t at all true as usual he makes things up. This is for all non banking entities whether their partner be a bank or NBFC. ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [30 June 2022 13:39 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/62 "2022-06-30T13:39:24Z")
I appreciate the clarity, Mukesh. If RBI indeed is going after NBFCs regardless of their tie up with a regulated bank, then this sucks. Roughs seas ahead for BNPL. ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [30 June 2022 13:39 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/63 "2022-06-30T13:39:56Z")
They say temporarily but I donā€™t think itā€™s temporary. The RBI needs to clear the air surrounding this as this is affecting customers very much ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [30 June 2022 13:42 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/64 "2022-06-30T13:42:49Z")
Temp at least until we get more clarity from RBI. Shutting down all BNPL without a viable set of guidelines doesnā€™t make any sense. We have BNPLs because old school banks couldnā€™t fill that need. Hopefully RBI will come out with a better set of rules n regs after consultations with all stakeholders (and not just the big banks). I guess I better keep my secured OneCard credit wish on ice until then šŸ˜„ ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [30 June 2022 13:51 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/65 "2022-06-30T13:51:19Z")
I guess the guidlines donā€™t affect FD backed OneCard as they are simply backed by FD and not any Credit line. So In my opinion you can still give it a shot. ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [30 June 2022 15:25 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/66 "2022-06-30T15:25:29Z")
Well, Iā€™ll keep that in mind. Ima wait n watch for the next 15 days before I go for it šŸ˜… ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [30 June 2022 17:28 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/67 "2022-06-30T17:28:57Z")
I think @CarolinMerces was right. I stand corrected. The bettr card is a cobranded card issued in partnership with SBM bank and therefore they donā€™t fall under BNPL master direction from RBI. The Bettr Card is shutting down temporarily for compliance with RBI Credit card Master direction that was issued in April 2022. The BNPL- MD was issued in June 2022. The RBI has changed few rules and regulations and Bettr is trying to comply with them. I hope they come with new rules and T&c in this month itself. [IMPORTANT NOTICE\_ Disruption in service of your SBM Bettr card.pdf](https://community.jupiter.money/uploads/short-url/TtOZF5eArDdrVyVtgRjoYsT8lS.pdf) (129.8 KB) ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [30 June 2022 17:35 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/68 "2022-06-30T17:35:34Z")
Well, You actually donā€™t need to wait that long. The OneCard is a credit card and not a BNPL Card and therefore they donā€™t fall under BNPL-MD issued in June 2022 and thus will continue operation as usual. Do read the Pdf uploaded in this linkšŸ‘‡ > [@Non-banks can't load credit lines on prepaid payment instruments, says RBI](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/67): > > I think @CarolinMerces was right. I stand corrected. The bettr card is a cobranded card issued in partnership with SBM bank and therefore they donā€™t fall under BNPL master direction from RBI. The Bettr Card is shutting down temporarily for compliance with RBI Credit card Master direction that was issued in April 2022. The BNPL- MD was issued in June 2022. The RBI has changed few rules and regulations and Bettr is trying to comply with them. I hope they come with new rules and T&c in this mā€¦ This, atleast clears the air surrounding the fuss, furore and confusion about issuance and operation of credit cards issued by non Banking companies in partnership with banks. ---
**Author:** ![CarolinMerces](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/carolinmerces/32/20885_2.png) [@CarolinMerces](https://community.jupiter.money/u/CarolinMerces)\ **Post date:** [3 July 2022 09:07 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/69 "2022-07-03T09:07:50Z")
![IMG_20220703_143512](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/d/de44a6646b4de603efd773229d6824c23624d5ec.jpeg) ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [3 July 2022 09:23 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/70 "2022-07-03T09:23:15Z")
RBI: ![](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/a/a396bb8d0072cae5aceffe321f5831b3a0889717.gif) ---
**Author:** ![Mufeed\_Ali](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mufeed_ali/32/4609_2.png) [@Mufeed\_Ali](https://community.jupiter.money/u/Mufeed_Ali)\ **Post date:** [4 July 2022 19:38 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/71 "2022-07-04T19:38:40Z")
Yeah, OneCard is unaffected. Basically, any card that you can pay (or ā€œrechargeā€ ig) from PayTM or CRED or similar will continue to work. ---
**Author:** ![CarolinMerces](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/carolinmerces/32/20885_2.png) [@CarolinMerces](https://community.jupiter.money/u/CarolinMerces)\ **Post date:** [13 July 2022 04:53 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/72 "2022-07-13T04:53:18Z")
RBI TO NBFC ( I AM COMING THIS IS JUST A BEGINNING) ![IMG_20220713_102012](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/0/0961c5dcef8af92f7374cbd40e2f6be61d25709a.jpeg) ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [13 July 2022 07:19 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/73 "2022-07-13T07:19:48Z")
I hope they donā€™t come after neobanks next. At least not with senseless excuses ---
**Author:** ![CarolinMerces](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/carolinmerces/32/20885_2.png) [@CarolinMerces](https://community.jupiter.money/u/CarolinMerces)\ **Post date:** [17 July 2022 05:33 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/74 "2022-07-17T05:33:23Z")
> **[Exclusive: PayUā€™s LazyPay mulls major shift to credit card from prepaid card...](https://www.google.com/amp/s/www.moneycontrol.com/news/business/exclusive-payus-lazypay-mulls-major-shift-to-credit-card-from-prepaid-card-after-rbis-diktat-8765171.html/amp)** > > The company has been in talks with its partner bank SBM Bank India for the move since RBI restricted the role of co-branding entities to only marketing and distribution of prepaid cards in April. The pivot to credit cards is likely to be fast-tracked... šŸ˜‚ ---
**Author:** ![Krishnendu\_Chowdhury](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/krishnendu_chowdhury/32/7891_2.png) [@Krishnendu\_Chowdhury](https://community.jupiter.money/u/Krishnendu_Chowdhury)\ **Post date:** [17 July 2022 09:36 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/75 "2022-07-17T09:36:16Z")
thereā€™s nothing senseless in these miscreant NBFCs getting punished theyā€™ve been taking things for granted for far too long and deserve to be strictly cautioned [Previous page](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725.md?page=3)