New auto-debit rules from October 1: Here's what you need to know

The Reserve Bank of India's mandate on auto-debit rules will come into effect from October 1. Here is all you need to know about the rule change and how it will impact your automated monthly payments.

New auto-debit rules that come into effect from October 1 will impact some recurring card-based payments of customers.

Banks, payment aggregators and merchants are scrambling to comply with the new auto-debut rules mandated by the Reserve Bank of India has (RBI). They have already started notifying customers about the rule change.