Current Affairs · Banking Regulation & Financial Policy
Regarding the transaction limits and Additional Factor of Authentication (AFA) requirements under the Digital Payments - E-Mandate Framework, 2026, which of the following statements is/are correct? 1. The initial transaction under an e-mandate requires validation through an Additional Factor of Authentication (AFA), whereas subsequent recurring transactions up to ₹15,000 do not require AFA. 2. An expanded per-transaction limit of ₹1,00,000 without AFA is permitted exclusively for specific recurring payments, namely insurance premiums, mutual fund subscriptions, and credit card bill payments. 3. Customers can modify or cancel an active e-mandate without undergoing AFA validation, provided the revised transaction limit remains below the general ₹15,000 threshold.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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