RBI allows e-mandates on cards, advances RTGS timings1 min read 21 Aug 2019, 11:35 PM IST
RBI allows processing of e-mandate on credit and debit cards for merchant payments with a cap of ₹2,000
The central bank says it has been done keeping in view the changing payment needs
MUMBAI : The Reserve Bank of India (RBI) on Wednesday permitted processing of e-mandate on credit and debit cards for recurring transactions (merchant payments) with a cap of ₹2,000.
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