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RBI raises auto-debit limit to Rs 15,000, makes recurring payments smoother
RBI has updated auto-debit rules to make recurring payments easier and more reliable. Transactions up to Rs 15,000 can now be processed without OTP after initial approval. Higher limits apply to insurance, SIPs, and credit card bills. The move aims to reduce payment failures while keeping user alerts and control in place. #RBI #AutoDebit # ...
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