Presently, what is the maximum value that can be stored in any prepaid card (issued by banks and authorised non-bank entities) at any point of time?

Presently, what is the maximum value that can be stored in any prepaid card (issued by banks and authorised non-bank entities) at any point of time?
[A]Rs 25,000/-
[B]Rs 50,000/-
[C]Rs 1,00,000/-
[D]Rs 2,00,000/-

Rs 50,000/-
as per extant instructions, the maximum value that can be stored in any prepaid card (issued by banks and authorised non-bank entities) at any point of time is Rs 50,000/-. The open system prepaid cards are issued by the banks can be used to withdraw cash from an ATM, purchase of goods and services at Point of Sale (POS)/E-commerce (online purchase) and for domestic fund transfer from one person to another. However, the semi-closed system prepaid cards are issued by authorised non-bank entities can be used only for purchase of goods and services at Point of Sale (POS)/E-commerce (online purchase) and for domestic fund transfer from one person to another.

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