April 29, 2024 17:20 (IST)
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Auto debits from bank accounts to face disruption from April 1

Auto debits from bank accounts to face disruption from April 1

New Delhi/IBNS: Recurring transactions such as mobile, utility, and other bills as well as subscription charges for over-the-top (OTT) platforms through credit cards, debit cards, UPI, or other prepaid payment instruments (PPIs) will be interrupted from April 1 in view of the new Reserve Bank of India (RBI) guidelines that require additional authentication to approve direct debits from customers' accounts.