The Reserve Bank of India has rolled out a new e-mandate framework from 2026 that relaxes Additional Factor Authentication (AFA) for recurring digital payments. Transactions will be authorised without extra authentication up to Rs 15,000 each. RBI also allows recurring payments such as insurance premiums and mutual fund subscriptions up to Rs 1 lakh without additional authentication.
Swipe through stories, personalise your feed, and save articles for later — all on the app.