Reserve Bank of India revises e-mandate norms; Rs 15,000 cap without additional factor of authentication
Indian Express·3h ago·Positive
What Happened
Reserve Bank of India revised e-mandate guidelines allowing Rs 15,000 per transaction without additional factor of authentication. Insurance premiums, mutual fund subscriptions, and credit card bill payments can be processed without authentication up to Rs 1 lakh. Customers gain flexibility to modify or withdraw mandates anytime with clear issuer communication.
Key Entities
Reserve Bank of India (RBI)e-mandateRs 15,000additional factor of authentication (AFA)Digital Payments – E-mandate Framework, 2026