digital payments UPSC

RBI'S E-MANDATE FRAMEWORK 2026 EXPLAINED

The RBI’s 2026 E-mandate Framework consolidates recurring payment rules, introducing tiered AFA limits (₹15,000 standard; ₹1 lakh for essentials) and mandatory 24-hour pre-debit alerts. This framework enhances consumer control and strengthens security, aiming to prevent subscription traps while facilitating a secure digital payment ecosystem.