single-block-and-multiple debits

  • RBI Allows Blocking of Funds for Multiple Auto-debits in UPI

    The Reserve Bank of India (RBI) enhanced the capabilities of the Unified Payments Interface (UPI) by introducing a ‘single-block-and-multiple debits’ functionality, which allows a customer to enable a payment mandate against a merchant by blocking funds for specific purposes in...

    Published On December 8th, 2022