Mar 30, 2021
Automatic recurring payment to comply with RBI direction from April 1
Automatic recurring payment to comply with RBI direction from April 1
Come April there will be no automatic recurring payment for various services including recharge and utility bill as RBI has made Additional Factor of Authentication (AFA) mandatory after March 31. However, banks and payment gateways are seeking additional time to comply with the RBI directive on automatic recurring payment. On December 4, RBI had directed all banks including RRBs, NBFCs, and…
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