RBI relaxations for Processing of e-mandates for recurring transactions

RBI has previously permitted Additional Factor of Authentication (AFA) while processing e-mandates/standing instructions on cards, Prepaid Payment Instruments and Unified Payments Interface, for subsequent recurring transactions with values up to ₹15,000/-.

It has been decided to increase the limit from ₹15,000/- to ₹1,00,000/- per transaction for the following categories: (a) subscription to mutual funds, (b) payment of insurance premiums, and (c) credit card bill payments.

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