Card Payments To Undergo Changes Come April 1 After RBI Directive, All You Need To Know

Team Latestly Mar 31, 2021 10:42 AM IST

Payments made automatically from your account for mobile, utility, and other bills are likely to be disrupted from April 1 because of a new Reserve Bank of India (RBI) rule. This includes subscription charges for over-the-top (OTT) platforms as well. The rule, which requires additional authentication for recurring transactions using credit cards, debit cards, UPI, or other prepaid payment instruments (PPIs), could affect millions of customers. Watch the video to know more.

(The above story first appeared on LatestLY on Mar 31, 2021 10:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

Tags

Card Payment Credit Card Credit Cards Debit Card Debit Cards Digital transactions E-Commerce Company HDFC Bank online payments over-the-top (OTT) platforms prepaid payment instruments RBI RBI Directive Reserve Bank of India UPI UPI Payments

Follow us on News

You Might Also Like

UPI Achieves 15,547 Crore Transactions Worth INR 223 Lakh Crore From January to November in 2024

Bomb Threat To RBI: Reserve Bank of India Receives Threatening Email in Russian Language To Blow Up Mumbai Building With Explosives, Probe Launched

RBI To Maintain Continuity and Stability in Policy Matters, Says New Reserve Bank of India Governor Sanjay Malhotra

RBI Will Remain Alert and Agile to Meet Challenges, Says New Governor Sanjay Malhotra (Watch Video)

Categories