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Limit of e-mandates for transactions
June 21 , 2022
905 days
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- RBI has raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction.
- It is applicable for e-mandates on cards, Prepaid Payment Instruments (PPIs) and Unified Payments Interface (UPI) for recurring transactions.
- It implies, additional authentication will not be need for payment of Rs 15,000 per transaction.
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