Automatic payments which are linked to bank accounts could experience some disruptions from April 1 due to a rule on such transactions by the Reserve Bank of India (RBI). The new rule has been put in place by the apex bank to add another layer of authentication for such transactions. You may make payments directly through your card at the merchant website or application," Axis Bank told its customers. Automatic payments from bank account may be disrupted from April 1. Earlier, the RBI allowed transactions up to ₹2,000 to be exempted from the e-mandate based recurring transactions system.

Source: Hindustan Times March 31, 2021 05:03 UTC