RBI Policy: Now, no OTP needed for auto-debit recurring payments upto Rs 15,000 - Shahpur Turk CSC - Common Service Centre in Sonipat RBI Policy: Now, no OTP needed for auto-debit recurring payments upto Rs 15,000

11 June 2022

RBI Policy: Now, no OTP needed for auto-debit recurring payments upto Rs 15,000

RBI Policy: 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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