Do you use your debit/credit card or mobile wallet for recurring auto-debit payments? If yes, then you should know that from October 1 onwards, as mandated by the Reserve Bank of India (RBI), banks ...

The new rule will apply to all types of auto-debit payments using credit card, debit card, UPI and PPI, including wallets. The Reserve Bank has decided to extend the timeline for the stakeholders to ...

Automatic withdrawals from your account can be a convenient way to pay -- but sometimes they take on a life of their own. The federal government's consumer watchdog Monday issued a reminder to ...

The Reserve Bank of India (RBI) has differed the deadline to implement curbs on the auto-debit facility that has been available to you on your credit card, by another six months. Those curbs were to ...

RBI has finally implemented new auto debit rules on credit cards, debit cards, UPI and prepaid payment instruments. (Representative image)(MINT_PRINT) In its next step to secure digital transactions ...

After much hand-wringing by banks and payment companies over the March 31 deadline for activating the additional factor of authentication (AFA) framework for auto debit transactions, the central bank ...

The share of failed auto-debit requests on the National Automated Clearing House (NACH) platform eased to 29.97% in volume terms in December 2021 from 31.22% in the previous month. In value terms, the ...