Home / Mumbai / Mumbai News / Article /
RBI extends deadline for processing auto-debit payments by 6 months
Updated On: 31 March, 2021 12:00 AM IST | Mumbai | ANI
The requirement of additional factor of authentication made digital payments in India safe and secure.
Listen to this article :
A security staff stands near an entrance of the Reserve Bank of India (RBI) headquarters in Mumbai on August 7, 2019. Pic/AFP
The Reserve Bank of India (RBI) on Wednesday extended the timeline for processing recurring online transactions by six months to September 30.
In August 2019, the RBI had issued a framework for processing of e-mandates on recurring online transactions. Initially applicable to cards and wallets, the framework was extended in January 2020 to cover Unified Payments Interface (UPI) transactions as well.
Read Next Story
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT