Newsdesk – The new guidelines of RBI announce the increase in limit for auto-debit mandate for recurring payments by cards and Unified Payment Interface (UPI).
With this new announcement , the customers would be able to make recurring payments below Rs.15,000 without OTP where as the present limit isjust Rs. 5000.
RBI has also allowed customer credit card to link with UPI to make it more convenient for customers to take benefits.
