RBI's Auto-debit rules Current Affairs, GK & News

RBI’s new auto Debit Rules- Highlights

The Reserve Bank of India (RBI) has mandated new auto-debit rules on October 1, 2021 in order to strengthen the safety and security of card transactions. Key Points As per RBI’s directive, there will be no automatic recurring payment for several services like utility bills, DTH, recharge of phone and OTT because additional factor of ..