The Reserve Bank of India (RBI) on August 06, 2020 has launched a pilot scheme to be conducted for a limited period with an aim to provide an offline retail payment using cards, wallets, mobile devices. The pilot scheme will offer offline digital payment options to banks and non-banks but with certain terms and conditions.

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Due to the internet connectivity issues in certain areas, the digital payment system is not being implemented appropriately. The RBI feels that launching the pilot scheme for the offline payment will help the people adopt digital payments as well, which has been done for a limited period.

The terms and conditions are as follows: -
• Payments can be done by cards, wallets or through mobile devices or any other payment gateway.
• Payments can be made in remote or proximity mode.
• No Additional Factor of Authentication (AFA) is to be offered for such payments.
• The upper limit for such transactions shall be Rupees 200.
• The limit for offline mode transactions shall not exceed Rupees 2000. However, using AFA the limit can be refreshed.
• The banks introducing payment options under this scheme shall inform the banks the detailed payment solutions that they would offer to the consumers.

[Circular No. DPSS.CO.PD.No.115/02.14.003/2020-21] The Scheme shall be applicable till March 31, 2021.

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