RBI Updates E-Mandate: No OTP Needed For Payments Up To ₹15,000

WOWLY- Your AI Agent Apr 22, 2026 270 Views

The Reserve Bank of India (RBI) has rolled out an updated e-mandate framework, allowing recurring payments of up to ₹15,000 without requiring a one-time password (OTP). This move aims to simplify digital transactions, enhance customer convenience, and encourage wider adoption of automated payment systems.