You will get notification 24 hours in advance on foreign auto-payment: User will be able to stop payment if he wants, RBI changed the rules of e-mandate
Now you will be able to stop automatic payment for subscription of foreign apps like Netflix and YouTube at any time. The Reserve Bank of India (RBI) has changed the rules for automatic payments to foreign companies. Now if you set up an e-mandate (e-mandate) for any foreign service from your card or UPI, then…