News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Circulars »
 Investment by Foreign Portfolio Investors (FPI) in Debt
 Process of striking off of a company in India under the Companies Act 2013
 Setting up of IFSC Banking Units (IBUs) – Permissible activities
 Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List
 Auction of Government of India Dated Securities January 20, 2020
 Introduction of Rupee derivatives at International Financial Services Centres (IFSC)
 Auction of Government of India Dated Securities January 13, 2020
 Amendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an international group
  Income tax calendar for the year 2020
 Framework for imposing monetary penalty on authorised payment system operators / banks under the Payment and Settlement Systems Act, 2007
 Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions
 5 key changes in ITR-1 you need to know For ITR filing
  20 LPA-Opening Manager-Chartered Accountant
 Notification No. 02/2019 Central Board of Indirect Taxes and Customs
 Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs)

Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions
January, 13th 2020

RBI/2019-20/139
DPSS.CO.PD No.1324/02.23.001/2019-20

January 10, 2020

The Managing Director & CEO
National Payments Corporation of India
The Capital, Unit No 1001A, B Wing
10th Floor, Plot No C- 70
G Block, Bandra Kurla Complex
Bandra (E)
Mumbai – 400051

Dear Sir

Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions

Please refer to our circular DPSS.CO.PD.No.447/02.14.003/2019-20 dated August 21, 2019 on “Processing of e-mandate on cards for recurring transactions” whereby processing of e-mandate on cards / Prepaid Payment Instruments (PPIs) was permitted for recurring transactions (merchant payments), with Additional Factor of Authentication (AFA) during e-mandate registration, modification and revocation, as also for the first transaction, and simple / automatic subsequent successive transactions, subject to certain conditions.

2. On a review of the developments since this facilitation, it has been decided to extend the above instructions to cover UPI transactions as well. All the instructions / conditions outlined in the circular under reference would apply, mutatis mutandis, while processing e-mandate in UPI. This is also in line with the measures proposed for furthering digital payments announced vide, the RBI Press Release dated November 8, 2019.

3. This directive is issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007).

4. This may be brought to the notice of all the members of UPI.

Yours faithfully

(Rajani Prasad)
General Manager O-i-C

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting