RBI hikes limit on auto-debits from debit, credit cards sans OTP to Rs 15,000

The Reserve Bank of India (RBI) announced the hike in amount for e-mandate for recurring payments made via credit and/or debit cards sans additional authentication (such as OTP) to Rs 15,000 from Rs 5,000 currently. Read on to know how this new rule will help you in making recurring payments.

from Personal Finance News-Wealth-Economic Times https://ift.tt/H7vszhB