NOTICIA
22.04.2026
Easier e-mandate for SIP, insurance, credit card bill
E
Economic TimesThe Reserve Bank of India has extended its E-mandate rules to cover cross-border recurring electronic payments via cards, prepaid instruments, and UPI. The new regulations set a Rs 15,000 per-transaction limit and Rs 1 lakh cap for credit card, insurance, and mutual fund payments without additional authentication. Financial institutions must provide 24-hour pre-transaction notifications and customer opt-out facilities validated through additional factor authentication.