RBI eases e-mandate rules: Rs 15,000 cap for digital payments without OTP

The Reserve Bank of India (RBI) on Tuesday issued a consolidated framework for digital payments e-mandates, aimed at simplifying auto-debit systems while strengthening customer protection across UPI, prepaid payment instruments (PPIs), and cards, including both domestic and cross-border transactions.

Under the new guidelines, recurring payments of up to ₹15,000 will not require a one-time password (OTP). Payments such as insurance premiums, mutual fund subscriptions, and credit card bills between ₹15,000 and ₹1 lakh can be processed without additional factor authentication (AFA).