banner-logo

What's in store for you

Current Accounts tailored to your business needs

PPI Escrow Current Account

More benefits than ever before

Features and Benefits

  • Dedicated operations team to handle the Payment and settlement process of PPI Escrow Account.

  • Maker and checker concept on E-Net platform to upload a settlement file.

  • Upload settlement file on E-Net platform and securely pay to your merchants.

  • You can also avail the facility of host to host/ ERP integration for seamless flow of payment instruction.

  • No charges of account opening and operation.

ppi-escrow-current-account-summary-benefit

Eligibility Criteria

PPI Escrow Account can be availed by the entities who have RBI license to issue Prepaid Payment Instruments (PPI) in accordance to RBI Master Directions on Prepaid Payment Instruments (PPIs)

You can get started with your own PPI Escrow Current Account if you are a:

  • Resident Individual
  • Hindu Undivided Families 
  • Sole Proprietorship Firm
  • Partnership Firm
  • Limited Liability Partnership Firm
  • Private/Public Limited Company
ppi-escrow-current-account-summary-benefit

Frequently Asked Questions

A PPI Escrow Current Account is an account offered by HDFC Bank that allows entities with RBI license to issue Prepaid Payment Instruments (PPI) to manage the outstanding balance against issued PPI instruments. It enables secure payments, seamless integration, and cost savings.

Entities with RBI license to issue Prepaid Payment Instruments (PPI) need to open a PPI Escrow Account within the as per RBI regulations. The money collected in this account is utilised to make payments to merchants under acceptance arrangements and facilitate funds transfer/remittance services.

The benefits of using a PPI Escrow Account include:

  1. Hassle-free management of outstanding balance against issued PPI instruments
  2. A dedicated operations team for payments, refunds, and settlement process
  3. Secure payments through maker and checker concept on E-Net platform
  4. Seamless integration through host-to-host/ERP integration
  5. No charges for account opening and operation. 

 

As per RBI, entities having RBI license to issue Prepaid Payment Instrument (PPI) need to open PPI escrow account with a bank to maintain the outstanding balance against issued PPI instrument.  The money collected is utilised to make payment to merchants under acceptance arrangement and for facilitating funds transfer / remittance services.