Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
What are the new auto-debit payment rules set to be applicable from October 1?
short by Pragya Swastik / on Thursday, 30 September, 2021
New rules for auto-debit payments via credit and debit cards are set to come into force from October 1, where recurring auto-debit payments above ₹5,000 will require Additional Factor of Authentication (AFA). An OTP will have to be validated by a customer each time a payment is due. Customers will receive a pre-debit (SMS/e-mail) notification 24 hours before the payment.
read more at Hindustan Times