Finance
Mr. BillionhairRBI Makes Payments Easier—No More OTPs Under ₹15,000!
Folks, the Reserve Bank of India just pulled off a huge win! Say goodbye to those annoying OTPs for auto-payments under ₹15,000! Just one approval, and your Netflix, gym, and bills are on autopilot—fantastic! But over ₹15,000? You still need that OTP, folks. Safety first! This is a game changer! I told you it would be great!
few days ago | Sunainaa Chadha
Quick rundown
1.RBI simplifies recurring payments with new e-mandate rules.
2.No more OTPs for transactions up to ₹15,000.
3.Higher-value payments still require OTP for security.
4.Pre- and post-debit alerts keep you informed.
5.No charges for using e-mandates, ensuring cost-free convenience.
