In a move aimed at strengthening digital payment security, Reserve Bank of India has introduced updated e-mandate rules that now include cross-border recurring transactions made through cards, prepaid wallets, and UPI.
The new framework is designed to make digital payments safer and reduce fraud risks. Users will also be able to cancel their e-mandates at any time using additional authentication steps, making the process more secure and user-friendly.
Under the revised guidelines, customers can set up e-mandates for both fixed and variable amounts. However, recurring transactions are capped at ₹15,000 per payment.
For certain categories such as credit card payments, insurance premiums, and mutual fund subscriptions, the limit without additional authentication has been set at ₹1 lakh.
Banks are now required to send alerts at least 24 hours before any recurring payment is processed. These alerts must include key details such as the transaction amount and the merchant name. However, this rule does not apply to automatic top-ups for FASTag or the National Common Mobility Card (NCMC).
The RBI has also ensured that existing protections against unauthorized transactions will continue to apply, provided users report such incidents promptly.
The updated rules reflect ongoing efforts to improve transparency, enhance user control, and build trust in India’s digital payment ecosystem.
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