Escrow Account Solutions

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

• 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 utilized to make payment to merchants under acceptance arrangement and for facilitating funds transfer / remittance services. 

• 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. 

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

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)