Auto-Debit Rules From RBI Now Live: Prepare for Some Disruptions to Recurring Online Transactions | Technology News
Auto-Debit Rules From RBI Now Live: Prepare for Some Disruptions to Recurring Online Transactions New auto-debit rules constructed by the Reserve Bank of India (RBI) came into effect on Friday (October 1). The update is believed to impact lakhs of customers who have already opted for recurring online transactions. Banks and merchants are, however, working hard to follow the norms.