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The Times of India
The Times of India
Business
PTI

RBI raises limit of e-mandates for transactions up to Rs 15,000

MUMBAI: The Reserve Bank on Thursday raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions.

It implies, additional authentication will not be need for payment of Rs 15,000 per transaction.

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