On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021.source https://economictimes.indiatimes.com/industry/banking/finance/banking/new-auto-debit-rules-of-rbi-set-to-kick-in-from-friday/articleshow/86642461.cms
No comments:
Post a Comment