Bounced cheque, debit mandate failure? You could face up to 2 years in jail, know the real cost of payment failuresBounced cheques and failed mandates are more than administrative issues, carrying potential criminal charges and significant financial pena...
13 Feb, 2026, 04.25 PM IST
How to set up auto debit for your SIPs and utility bills: A step-by-step guideInvestors can automate payments for mutual fund SIPs, utility bills, and other recurring transactions through NACH mandates, UPI auto-debit...
18 Aug, 2025, 06.30 AM IST
Explained: How to handle a missed mutual fund SIP contributionMutual fund houses don’t impose penalties for missed SIP payments, but banks may charge fees for insufficient funds or dishonoured auto-deb...
12 Feb, 2025, 11.56 AM IST
New UPI AutoPay rule: No 24-hour pre-debit notification for these two UPI recurring paymentsNew UPI AutoPay rule: The banks that issue NETC FASTag and RuPay NCMC should ensure that auto-replenishment, excluding pre-debit notificati...
25 Sep, 2024, 04.05 PM IST
RBI expands e-mandate framework to include auto-replenishment for FASTag and NCMCThe RBI announced on Thursday that auto replenishment of balances in FASTag and NCMC, which trigger whenever the balance drops below a cust...
22 Aug, 2024, 06.42 PM IST
Banks won't send pre-debit notifications for these two types of recurring payment e-mandatesNew RBI rule: The Reserve Bank of India (RBI) has stated that there won't be pre-debit notifications for auto-replenishment of FASTag and N...
22 Aug, 2024, 05.45 PM IST
Now autofill your UPI Lite wallet: You will soon get option to have auto debit mandate to maintain UPI Lite balanceUPI Lite: The Reserve Bank of India announced that now UPI Lite wallet is to be integrated with the e-mandate framework. This will help in ...
08 Jun, 2024, 05.33 PM IST
FASTags, NCMC payments to become easier: You don't have to add money manually for each rechargeNew recurring payments rule: The Reserve Bank of India (RBI) announced including recurring payments for Fastag, National Common Mobility Ca...
07 Jun, 2024, 01.53 PM IST
RBI hikes limit on auto-debits from debit, credit cards sans OTP to Rs 15,000The Reserve Bank of India (RBI) announced the hike in amount for e-mandate for recurring payments made via credit and/or debit cards sans a...
17 Jun, 2022, 12.23 PM IST
Apple app store removes option to pay via debit and credit cards due to RBI auto-debit mandate"Regulatory requirements in India apply to the processing of recurring transactions. If you hold an Indian debit or credit card and you hav...
05 May, 2022, 07.53 PM IST
Standing auto debits see high decline ratesMore than two months after the Reserve Bank of India made it mandatory for banks to reach out to customers before initiating standing debit...
13 Jan, 2022, 06.30 AM IST
More than 80% Indians support RBI move to stop auto debit: LocalCircles surveyRBI has stopped automatic recurring payments for all services offered by various companies such as Amazon, Netflix or several applications ...
28 Oct, 2021, 10.59 AM IST
New auto-debit rule: How to use BHIM UPI app's auto-pay facility to make recurring paymentsHere is a look at how UPI users can use the auto-pay facility set up an e-mandate to make recurring payments linked to debit and credit car...
14 Oct, 2021, 09.47 AM IST
Life proof for pension, ATM closures, cheques invalid, card rules: 4 money related changes in OctHere is a look at the four personal finance-related changes that will come into effect from October 1. Find out if any of these situations ...
04 Oct, 2021, 10.49 AM IST
Your auto-debit from debit/credit card may fail from next month if not approvedUnder the new additional factor authentication rules, a bank is required to send a notification to the customer at least 24 hours before th...
30 Sep, 2021, 10.12 AM IST
Your auto-debit payments won’t fail: RBI extends deadline for extra authenticationThis is good news because many banks and payment gateways were yet to comply with RBI’s mandate and had asked the apex bank for additional ...
31 Mar, 2021, 03.43 PM IST
RBI eMandate nod paves way for auto-debits by fintech firmsThe retail payments body has asked banks to implement both the emandate measures by June 30.
26 Apr, 2019, 09.55 AM IST