E-commerce Current Account

PPI Escrow Account

PPI ESCROW ACCOUNT


We at HDFC Bank are happy to offer PPI Escrow account which effectively addresses your online wallet business needs.

Need of PPI Escrow Account

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

Features and benefits of HDFC Bank PPI Escrow Account

  • No charges of account opening and operation.
  • Dedicated operations team which only handles the Payment and settlement process of PPI Escrow Account.
  • Upload settlement file to pay to your merchants through Online platform ENET.
  • Also offer you a seamless flow of payment instruction through host to host/ ERP integration.
  • Maker and checker concept at your end to upload a settlement file.
  • Offers two factor security on E-Net - Login id and E-Net Soft Token

Click here to Apply Online for PPI Escrow Account Or visit your nearest HDFC Bank branch

Eligibility Criteria

PPI Escrow Account can be availed by the entities who have RBI license to issue Semi Closed Prepaid Payment Instruments (PPI)

Payment Aggregator Escrow Account

Value Added Services