Wednesday, 25 March, 2026
RBI Mandates Unified View for Payment Subscriptions to Enhance Consumer Control
By Isha
The Reserve Bank of India has issued new directives requiring financial institutions to provide customers with a "unified view" of all their recurring payment subscriptions. This move aims to increase transparency, allowing users to easily monitor, modify, or cancel auto-debit mandates from a single interface. By streamlining subscription management, the RBI seeks to prevent unauthorized charges, reduce consumer grievances.
Read full story at Economic Times