Morningstar

RBI Tightens E-Mandate Rules: Extra Authentication Required for Auto-Debit Transactions Over 15,000

Mumbai, April 21: The Reserve Bank of India (RBI) has introduced new and stringent rules for e-mandates in digital payments. Effective immediately, additional authentication (Additional Factor of Authentication AFA) will be mandatory for auto-debit transactions exceeding 15,000 to enhance security for recurring payments. These regulations apply to all payment system providers and entities handling ... Read more RBI Tightens E-Mandate Rules: Extra Authentication Required for Auto-Debit Transactions Over 15,000