Wednesday, September 22, 2021

Your auto-debit from debit/credit card may fail from next month if not approved

Under the new additional factor authentication rules, a bank is required to send a notification to the customer at least 24 hours before the auto-debit payment is to be deducted and allow the debit only after the customer has confirmed it.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/your-auto-debit-from-debit/credit-card-may-fail-from-next-month-if-not-approved/articleshow/86417621.cms

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