RBI makes big move every Indians must know, new rules for digital payment, transaction above Rs 15000 to be….
If you regularly make digital payments through cards, UPI, or prepaid instruments, there is an important update you must know. The Reserve Bank of India (RBI) on April 21st issued new and comprehensive guidelines for e-mandates used in recurring digital payments. Under these updated rules, an additional factor of authentication has been made mandatory for transactions exceeding Rs 15,000. The guidelines apply immediately to all payment system providers and participants handling both domestic and international recurring payments. Here is a complete breakdown of everything you need to know about the new RBI e-mandate rules.
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