RBI issues new e-mandate rules; ₹15,000 limit without OTP for recurring payments
Reserve Bank of India has rolled out a consolidated Digital Payments e-mandate framework, effective immediately, replacing all earlier circulars and bringing uniform rules for recurring transactions across payment systems. The framework covers cards, Unified Payments Interface (UPI) and prepaid payment instruments (PPIs), and extends to both domestic and cross-border transactions. It requires a one-time e-mandate…
