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RBI plans to do away with OTP based authentication. What we know so far

RBI has not expressed any desire to phase out authentication process completely but only the process of AFA (additional factor of authentication) ....

Nirmala Sitharaman , India International Bullion Exchange , Indian Bank , Statement On Development , Regulatory Policies , Special Category Client , Finance Minister Nirmala Sitharaman , Additional Factor Of Authentication , Reserve Bank Of India ,

Mutual fund e-mandate limit without AFA increased to Rs 1 lakh

The governor was announcing the decision of the Monetary Policy Committee or MPC. The MPC has decided to hold the policy rate - the Repo Rate - at 6.5%. The central bank has been pausing since February this year. It has hiked rates by 2.5% before the pause to rein in inflation. ....

Shaktikanta Das , Monetary Policy Committee , Additional Factor , Repo Rate , Mutual Funds , Mutual Fund News , Additional Factor Of Authentication , Digital Transactions ,

RBI extends timeline to comply with new rule for online transactions by 6 months

The primary objective of the framework is to protect customers from fraudulent transactions and enhance customer convenience ....

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