Auto Pay will require OTP

I think Govt has accepted another one of LocalCircles ask. Banks & networks like HDFC, SBI, ICICI, Axis, Mastercard, Amex to decline all auto pay transactions from April 1.

But this is being done for India based vendors. Not sure about foreign vendors. more

Helpful Connected Consumers Mar 29

Viewed by 787

View all 9 comments Below 9 comments

Chandan Saha

It's not a bad idea. Such measure gives an opportunity to take corrective measures incase any one does a mistake with no intent. It may benefit users only. more

Mar 31

Gopabandhu Mohapatra

Good initiative. more

Mar 31

Dilip Modi

I am not clear if this requirement for authentication will apply to CC/ DC auto pay or will it also be extended to auto facility initiated from online banking also? Can some one please clarify? more

Mar 30

Pandurang Prabhu

Earlier AP has done directly without any intimation to vendors now each transaction had been taken consent before processing the same more

Mar 30

Padmanabhan G

Excellent. Irrespective of vendor's location, this needs to be implemented. more

Mar 30

View 9 more comment(s)

Post a Comment

It's me Sutirtha from West Bengal. I want to share my frustrating experience with Reliance Life Insurance, where I was repeatedly misled by their representatives: 1. In August 2024, I bought P...

By Sutirtha Ghosal

/
Beware of Star Health and Care insurance
Star and Care stand out in people having horrible claims experience and claim rejection I have seen both these insurers reject claims for illogical reasons. They seem to delay claim...

By Naina Mittal

/
Inland letter from LIC without any information
A couple of days back, I received 2 letters from LIC. It started this "Dear Policyholder...". It was an intimation of maturity or survival benefit for the policy. Nowhere was the policy number me...

By Padmanabhan G

/
Airtel ups their post paid
Pathetic customer service. My postpaid mobile bill jumped from ₹352 to ₹411. Changed to a new plan of ₹449 without any communication to me or my authorization..called their customer service number....

By Padmanabhan G

/
High cost of living
The way cost of living, inflation, rents, layoffs, fear of pink slips, insufficient retirement corpus, over exceeding medical & education costs are increasing, very soon we are going to witness...

By RN Chopra

/
महंगाई - गेहूं यानी wheat
गेहूं की महंगाई रहस्यमय हो चली है. मांग और आपूर्त‍ि की गुत्‍थी का सिरा ही गुम है. - नई फसल आने के बाद भी कीमतें न घटीं. अगस्‍त में गेहूं की क़ीमत करीब 100 रुपये/ क्‍व...

By RN Chopra

/
Media news channels
Roll of news channels in TRP era. Same participants, Same hot discussion. No conclusion.Smile on anchors face when participants argue and use rough hot words. What should be standard of T...

By Satyapal Singh

/
Too much tax for buying home
To buy a house of 1 cr you need to pay 5% GST,Which is 5L lakhs & stamp duty for registration is around 3 Lakhs. To earn 1cr 8 lakhs you have to pay tax of 38.75 Lakhs (30% + 15% sur...

By Mukul Puri

/
We being taken for a ride on tax front
See attached

By Sanjit Jha

/
Indexation removal by Govt is bad for property ownership
Many have no option but to borrow and buy real estate. A loan serviced for say 20 years, significantly increase the amount paid towards the property. Now, they no longer have recourse to adjust for...

By Reeta Kumar

/
WEWELLCOM PATANJALI AYURVED's ACTION
The Brompton cocktail, sometimes called Brompton mixture and most popularly known as Brompton cough mixture, was originally developed at a hospital specializing in chest diseases. This cough mixtur...

By Jayakumar Daniel

/