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PRE DEBIT NOTIFICATION
No two-factor authentication needed for payment up to Rs 15,000 through e-mandate; higher recurring limit for these transactions- RBI brings cross border transactions under e-mandate rules, allows customer to opt out anytime
- How to set up auto debit for your SIPs and utility bills: A step-by-step guide
- 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
- 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
- You can now invest in mutual funds using Visa debit cardsThis initiative is live with leading fund houses and distributors and investors can invest in lumpsum or start SIPs using their Visa debit ...27 Sep, 2023, 02.16 PM IST
- Non-banks can't load credit lines on prepaid payment instruments, says RBIThis diktat by the banking regulator is being seen as an effort to clampdown on card fintech and firms operating as neo-banks who have tied...21 Jun, 2022, 02.09 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
- RBI Policy: Customers no longer need to input OTP for e-mandates up to Rs 15,000 for recurring transactions"To further augment customer convenience and leverage the benefits available under the framework, it is proposed to enhance the limit from ...08 Jun, 2022, 05.03 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
- Firms, banks feel the heat of new auto-debit rulesET takes stock of the new rules, the scale of disruption, as well as alternative modes, which can be used by customers to make their paymen...26 Oct, 2021, 06.00 AM IST
- RBI’s auto debit rule could cause tax woes for fintech startupsDue to RBI’s new auto debit rules, fintech startups run the risk of attracting a 2% equalisation levy as well as additional GST at 18% on p...04 Oct, 2021, 02.21 PM 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
- View: Good mandate, unintended repercussionsConsidering the pandemic and lockdown did not give much of a breather to any industry and the banking and financial sector was no exception...25 Mar, 2021, 11.02 AM IST
- Large Indian lenders seek time on standing instructionsBanks have also requested RBI to exclude transactions against pre-existing standing instructions and those with international merchants fro...08 Mar, 2021, 07.16 AM IST
- RBI allows cash withdrawal of upto Rs 1,000/day via prepaid cardsRBI allowed cash withdrawals of up to Rs 1,000 a day through prepaid cards, including gift cards, issued by banks from point of sale termin...05 Sep, 2013, 10.53 PM IST
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