![RBI Increases limit of e-mandates for Transactions up to Rs 15,000 RBI Increases limit of e-mandates for Transactions up to Rs 15,000](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpI1otSw6rr5Vj3lHs-A2CKz5v61NdjO4NRGV3-oT_159FoLvj8Fq8UUiY-jIn1EAn8-h3L6e2lQvHkLPhUyiFQbRW10LPCU1JUmmUBTbZn_6bbgFqhpyFRWIEDm6_je2f7r_iHiDj4Wt04NQCDus63hrSjKLksGeIaijc7cmnrwpzuVakzeTue4pXRg/w320-h173-rw/RBI%20Transaction.jpg)
- This limit applies to all e-mandates on cards, Prepaid Payment Instruments (PPIs), and UPI for recurring transactions.
- The main objective of the E-mandate is that an individual can give standing instruction to the bank to debit a specific amount automatically on a recurring basis.
- RBI also stated that additional authentication will not be needed for payment of Rs 15,000 per transaction.
- Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments, including the requirement of AFA.
Question:
Q.1 As per the recent RBI Circular the limit for the e-mandate transactions has been increased from 5000/- to _________from immediate effect?a. 20,000/-
b. 15,000/-
c. 25,000/-
d. 10,000/-