June 16, 2022<\/p>\n\n\n\n
The Chairman \/ Managing Director \/ Chief Executive Officer
All Scheduled Commercial Banks, including Regional Rural Banks \/
Urban Co-operative Banks \/ State Co-operative Banks \/
District Central Co-operative Banks \/ Payments Banks \/
Small Finance Banks \/ Local Area Banks \/
Non-bank Prepaid Payment Instrument Issuers \/ Authorised Card Payment Networks \/
National Payments Corporation of India<\/p>\n\n\n\n
Madam \/ Dear Sir,<\/p>\n\n\n\n
A reference is invited to our circulars DPSS.CO.PD.No.447\/02.14.003\/2019-20 dated August 21, 2019, DPSS.CO.PD No.1324\/02.23.001\/2019-20 dated January 10, 2020, DPSS.CO.PD No.754 \/02.14.003\/2020-21 dated December 04, 2020 and CO.DPSS.POLC.No.S34\/02-14-003\/2020- 2021 dated March 31, 2021 (collectively referred to as \u201ce-mandate framework\u201d). The e-mandate framework prescribed an Additional Factor of Authentication (AFA), inter alia, while processing the first transaction in case of e-mandates \/ standing instructions on cards, prepaid payment instruments and Unified Payments Interface. For subsequent transactions with transaction values up to \u20b95,000\/- (AFA limit), prescription of AFA was waived.<\/p>\n\n\n\n
2. On a review of implementation of the e-mandate framework and the protection available to customers, it has been decided to increase the aforesaid AFA limit from \u20b95,000\/- to \u20b915,000\/- per transaction.<\/p>\n\n\n\n
3. This circular is issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), and shall come into effect immediately.<\/p>\n\n\n\n
Yours faithfully,<\/p>\n\n\n\n
(P. Vasudevan)
Chief General Manager<\/p>\n\n\n\n