RBI Increases OTP-Free Limit for Recurring Payments to ₹15,000
RBI raises OTP-free limit for recurring payments to Rs 15000
Business Standard
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The Reserve Bank of India (RBI) has updated its E-mandate Framework for 2026, raising the limit for recurring payments exempt from OTP verification to ₹15,000. Additionally, essential financial services such as insurance premiums and credit card bills can now be paid without an OTP for amounts up to ₹1,00,000.
- 01RBI raised the OTP-free limit for recurring transactions to ₹15,000.
- 02Special 'Enhanced Limit' allows payments for essential services up to ₹1,00,000 without OTP.
- 03Changes are part of the updated E-mandate Framework for 2026.
- 04This move aims to streamline digital payments in India.
- 05The updates are expected to benefit consumers and service providers.
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The Reserve Bank of India (RBI) has announced significant updates to the E-mandate Framework for 2026, increasing the limit for recurring transactions that do not require Additional Factor Authentication (AFA), commonly known as One-Time Password (OTP), to ₹15,000. Additionally, a special 'Enhanced Limit' has been introduced for essential financial services, including payments for insurance premiums, mutual fund subscriptions, and credit card bills, which can now be processed without an OTP for amounts up to ₹1,00,000. These changes aim to facilitate smoother digital transactions and enhance user convenience in India's growing digital payment landscape.
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This change will simplify the payment process for consumers, allowing them to make larger recurring payments without the hassle of OTP verification, thereby enhancing the overall user experience in digital transactions.
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