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 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.