RBI updates e-mandate norms: No OTP needed for recurring payments up to ₹15,000 — here's what it means for users

1 day ago 3

RBI on Tuesday issued a consolidated digital payments e-mandate framework, setting a threshold of ₹15,000 per transaction for recurring payments without requiring an OTP. The framework includes provisions for cross-border payments and mandates pre-debit alerts, among other measures. Details here.

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RBI updates e-mandate norms: No OTP needed for recurring payments up to ₹15,000 — here's what it means for users

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