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In its bi-monthly “Statement on Developmental and Regulatory Policies” the Reserve Bank of India (RBI) has increased the limit for e-mandates for recurring payments to Rs 15,000 from Rs 5,000. The framework on processing of e-mandate based recurring payments, inter-alia, provides for an Additional Factor of Authentication (AFA) during registration, sending a pre-debit notification, subsequent recurring transactions to be executed without AFA, and an easier avenue to withdraw such mandates. Benefits to customers: Increasing cap on e-mandate for card recurring payment will benefit customers. The maximum limit for without-AFA e-mandates was Rs 5000 earlier. This meant that for subscriptions, a recurring payment up to Rs 5000 could be done without any Additional Factor of Authentication (AFA) like OTPs. For payments beyond that, the customer had to enter the OTP. But with the limit now extended to Rs 15000, the process of subscription payments will become more hassle-free and convenient.
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A man can row upstream at 18 km/hr and downstream at 24 km/hr. Find the man’s rate in still water and the rate of the current.
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Speed of a boat in still water is 4 times more than the speed of stream. If boat covers 126 km in downstream in 7 hours, then find the time taken by the...
The speed of a boat in still water is 10 kmph. It covers a distance of 60 km downstream in 5 hrs. The speed (in kmph) of the stream is