RBI has raised the AFA limit of e-mandates for transactions from Rs. 5,000 to how many Rupees?

• A. Rs 30,000
• B. Rs 10,000
• C. Rs 20,000
• D. Rs 15,000

Answer: (D)

The Reserve Bank of India raised the Additional Factor of Authentication (AFA) limit from Rs. 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions.