RBI hikes limit on auto-debits from debit, credit cards sans OTP to Rs 15,000

[IndiaInsurance]

https://img.etimg.com/photo/92074545.cms (https://economictimes.indiatimes.com/wealth/save/rbi-hikes-limit-on-auto-debits-from-debit-credit-cards-to-rs-15000-sans-otp/articleshow/92074545.cms)The Reserve Bank of India (RBI) announced the hike in amount for e-mandate for recurring payments made via credit and/or debit cards sans additional authentication (such as OTP) to Rs 15,000 from Rs 5,000 currently. Read on to know how this new rule will help you in making recurring payments.

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