Finance
Mr. ManagerRBI Revolutionizes Payments: No More Card Chaos!
Ladies and gentlemen, the Reserve Bank of India has swooped in like a hero on Tuesday, allowing your e-mandates to stick to your shiny new cards! No more missed payments, no more subscription heartbreak! This game-changing move means your auto-debits will flow like a champion—seamless and unstoppable! Say goodbye to the chaos of card changes and embrace the future of payments!
few days ago | Sunainaa Chadha
Quick rundown
1.RBI eases card reissue woes with e-mandate mapping.
2.No more manual updates for recurring payments.
3.Seamless subscriptions and auto-payments are here.
4.No extra charges for using e-mandate facility.
5.Auto-debits up to ₹15,000 without OTP; higher for special categories.
