RBI imposed an ₹80,000 monetary penalty on Ebix Payment Services Private Limited for violating KYC compliance directions issued by the regulator.
The statutory inspection spanned June 2024 to May 2025 and found the firm failed to appropriately risk‑categorise its customers as required.
Penalty was levied under Section 30(1) read with Section 26(6) of the Payment and Settlement Systems Act, 2007, without prejudice to further RBI action.