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RBI extends deadline for automatic payment rule to September 30. Details here

The Reserve Bank of India has extended the deadline for its automatic/recurring payment rule to September 30, 2021.

UPDATED: March 31, 2021 16:04 IST

The Reserve Bank of India (RBI) announced on Wednesday that it has extended the deadline for processing recurring or automatic payments. The April 1 deadline has now been extended by a month to September 30, 2021, to prevent any inconvenience to customers.

RBI has extedned the deadline for additional authentication on debit and credit card payments for automatic transactions till September 30, 2021.
Reserve Bank of India has extended the deadline for additional authentication on debit and credit card payments for automatic transactions till September 30, 2021.

“RBI extends timeline for processing of recurring online transactions. To prevent any inconvenience to the customers, RBI has decided to extend the timeline for the stakeholders to migrate to the framework till September 30, 2021,” RBI said.

Sourcehttps://www.indiatoday.in/business/story/rbi-extends-deadline-for-automatic-payment-rule-to-september-30-details-here-1785579-2021-03-31

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