scorecardresearchRBI raises limit of e-mandates for transactions up to ₹15,000

RBI raises limit of e-mandates for transactions up to 15,000

Updated: 17 Jun 2022, 08:05 AM IST
TL;DR.
The Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments, including the requirement of AFA, especially for 'card-not-present' transactions.
Pedestrians walk past the Reserve Bank of India (RBI) signage at its headquarters in Mumbai on June 8, 2022. - India's central bank on June 8 hiked rates for a second time in as many months, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war. (Photo by Indranil MUKHERJEE / AFP)

Pedestrians walk past the Reserve Bank of India (RBI) signage at its headquarters in Mumbai on June 8, 2022. - India's central bank on June 8 hiked rates for a second time in as many months, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war. (Photo by Indranil MUKHERJEE / AFP)