Do you use your debit/credit card or mobile wallet for recurring auto-debit payments? If yes, then you should know that from October 1 onwards, as mandated by the Reserve Bank of India (RBI), banks ...

Automatic withdrawals from your account can be a convenient way to pay -- but sometimes they take on a life of their own. The federal government's consumer watchdog Monday issued a reminder to ...

The new rule will apply to all types of auto-debit payments using credit card, debit card, UPI and PPI, including wallets. The Reserve Bank has decided to extend the timeline for the stakeholders to ...

The share of failed auto-debit requests on the National Automated Clearing House (NACH) platform eased to 29.97% in volume terms in December 2021 from 31.22% in the previous month. In value terms, the ...

The ‘bounce rate’ on auto-debit transactions, or auto-debits that did not clear, has remained elevated over the last few months. Between April and October 2020, the bounce rate on debit transactions ...

Your auto-payment facility may fail over an OTP issue. Yes, you read that right. If RBI note is followed, this is actually set to happen, unless a new date is announced very soon. So, if you have ...

As per the data from the National Payments Corporation of India (NPCI), the combined auto debit failure of all the banks in the country stood at 37 per cent in June. The NPCI data further suggested ...