RBI's New Auto-Debit Payment Norms For Tighter Security
The Reserve Bank of India's new guidelines for recurring payments went live on October 1. The new ruling is designed to prevent online fraud and is a move towards tighter online security. However, the unplanned implementation is affecting millions of users and the banks are not completely ready to implement the new guidelines. We decode the significance of the new norms and ask experts about the lack of infrastructure support.
