Press Releases

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Date : Oct 10, 2019
Reserve Bank of India imposes monetary penalty on Balancehero India Private Limited

In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following Prepaid Payment Instrument (PPI) issuer for non-compliance of regulatory guidelines.

Sr.No. Name of the PPI Issuer Speaking Order dated Amount of Penalty
(₹ lakh)
1. Balancehero India Private Limited 19-09-2019 12.88

(Yogesh Dayal)   
Chief General Manager

Press Release : 2019-2020/909


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