RBI permits the processing of e-mandate on cards for recurring transactions (merchant payments) with AFA during e-mandate registration, modification and revocation, as also for the first transaction, and simple/automatic subsequent successive transactions. This is applicable for transactions performed using all types of cards – debit, credit and Prepaid Payment Instruments (PPIs), including wallets.
According to RBI’s e-mandate, the maximum permissible limit for a transaction under this arrangement shall be ₹ 5,000. Transactions above this cap shall be subject to AFA also known as an additional one-time password (OTP).
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