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RBI hikes OTP mandate limit for auto-debit recurring payments upto Rs 15,000

The Reserve Bank of India (RBI) has increased the limit for auto-debit mandates for making recurring payments from Rs 5,000 to Rs 15,000. This means that customers will no longer need to authenticate such payments manually by entering a one time password. ....

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RBI's new auto-debit rules begin TODAY - What gets affected, what not

RBI's new auto-debit rules begin TODAY - What gets affected, what not - Bank account users who use their debit/credit cards or mobile wallets for regular auto-debit activities will be affected by this change. ....

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