Oct 1, 2021
Stalling of auto-debit mandates: What should you do now? Will it make transactions safer?
The new process may be secure, but the additional factor authentication (AFA) at the time of making online payments may frustrate you. As the Reserve Bank of India’s (RBI’s) new guidelines become effective from October 1, 2021, auto-debit mandates for payments of utility bills, insurance premiums, subscriptions to online services and credit card bills will not go through. The RBI has taken the…
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