Current Affairs · Banking Regulation & E-Mandates

Consider the following statements regarding the operational mechanics of E-Mandate Registration under the Digital Payments - E-Mandate Framework, 2026: 1. The framework requires a One-Time Registration accompanied by an Additional Factor of Authentication (AFA), after which customers retain the right to modify or revoke the mandate at any time. 2. The registration system is designed to support both fixed amount mandates and variable amount mandates, provided a specific cap is established for the latter. 3. To maintain strict standardization across Payment System Providers, customers are prohibited from setting personalized validity periods and transaction limits during the registration process. Which of the statements given above is/are correct?