Standing Instructions(SI)

Tanisha Sabherwal
Tanisha Sabherwal
August 29, 2021

Did you lately receive a notification from your bank stating that there have been some changes on the mandate for your OTT subscription. If yes, that is because RBI released fresh guidelines on changes for processing of e-mandate on cards for recurring transactions.

So, what is SI?

Standing Instructions allow recurring payments for cards, either debit or credit. Like any other recurring transaction mechanism, it follows the mandate forms and registration. A Standing Instruction is defined by boundaries of duration, Frequency (periodicity), maximum

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