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The Reserve Bank of India (RBI) has extended the deadline for banks to comply with norms issued earlier for additional factor authentication for recurring online payments for which e-mandates are normally given such as auto-debits of payments for utility bills, OTT platforms etc.. The central bank has extended the current deadline of March 31, 2021, to September 30, 2021.
The Reserve Bank of India (RBI) has extended the deadline for banks to comply with norms issued earlier for additional factor authentication for recurring online payments for which e-mandates are normally given such as auto-debits of payments for utility bills, OTT platforms etc.. The central bank has extended the current deadline of March 31, 2021, to September 30, 2021.
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