Menu

Op-ed

Dec 14, 2023

AFA Explained: How It Impacts Auto-Debit Payment As Per New RBI Guidelines

Starting this October, your online subscription payments might not go through. This is because of RBI’s guideline on recurring payments, according to which banks have to conduct Additional Factor Authentication (AFA) for every subscription payment. What do these guidelines mean? Why has it been put in place? How will it affect you?