New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Following the recent announcement by the Reserve Bank of

    India, what is the revised Additional Factor of Authentication (AFA) limit for e-mandates on cards, Prepaid Payment Instruments (PPIs), and UPI for recurring transactions?
    A Rs 7,500 Correct Answer Incorrect Answer
    B Rs 10,000 Correct Answer Incorrect Answer
    C Rs 15,000 Correct Answer Incorrect Answer
    D Rs 20,000 Correct Answer Incorrect Answer
    E Rs 25,000 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions. It implies, additional authentication will not be needed for payment of Rs 15,000 per transaction.

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