scorecardresearchRBI raises limit on e-mandates on cards for recurring payments to ₹15,000

RBI raises limit on e-mandates on cards for recurring payments to 15,000

Updated: 08 Jun 2022, 12:12 PM IST
TL;DR.
So far, over 6.25 crore mandates have been registered in favour of a large number of domestic and 3,400 international merchants
E-mandate is a standing instruction on a debit or credit card given by cardholder on a merchant platform such as a website or a mobile app.

E-mandate is a standing instruction on a debit or credit card given by cardholder on a merchant platform such as a website or a mobile app.