additional factor authentication

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday raised the limit for auto-debit mandates on recurring payments done through cards and UPI (Unified Payment Interface) to ₹15,000 from ₹5,000.…

Today is the last day of September. With tomorrow being October 1, 2021, there are several changes expected to come into play from Friday. These rule changes are best kept in mind going forward into the next calendar month as they affect us…

To ensure the security of transactions, the Reserve Bank of India (RBI) mandated a new rule for the auto-debiting facility of banking transactions that were set to take effect from October 1, Friday. The new RBI mandate indicated that there…

RBI-mandated Additional Factor Authentication rules take effect from October 1, 2021 What will change?Starting Friday, October 1, 2021, standing instructions that you may have left with your payments provider for certain recurring…

Come October 1, there are several changes that will come into play given the arrival of a new calendar month. In just a matter of five days, there are several notable changes that you should keep an eye on to avoid any unnecessary hurdles…

For those bank account holders who use their debit/credit cards or mobile wallets for recurring auto-debit transactions, there is going to be a change coming in from next month. As per a release issued by the Reserve Bank of India (RBI),…