Mmastodon BusinessPersonal Finance first seen 1 d ago, last 1 d ago, peak #1
Two autopay consumer rights for Indian bank customers
Original: Two autopay facts for India: banks must send a pre-debit notice at least 24 hours before each recurring debit, and UPI A
A personal finance tip circulating in India reminds consumers of two RBI-backed autopay rights: banks must send a pre-debit notice at least 24 hours before any recurring debit, and UPI AutoPay mandates can be paused or revoked directly from a UPI app without going through the merchant. The reminder points to the RBI e-mandate framework and encourages people to review recurring mandates on their accounts.
Why now: Growing concern about unauthorized or forgotten recurring debits is prompting Indians to share their consumer protections under RBI rules.
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