Recurring Payments Above Rs 15 K Will Require OTP
Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
A customer desirous of opting for e-mandate facility for routine expenses such as OTT subscriptions, utility bills, EMIs, and memberships has to undertake a one-time registration process.
Key Facts
Type Legislation
Source Deccan Chronicle
Published Tuesday, 21 April 2026
Affected Population ~350 million BPL population, 140 million elderly
Key Numbers
PM-JAY: 55 crore beneficiaries
MGNREGA: Rs 86,000 crore annual outlay
NSAP pensions: 3 crore beneficiaries
Rs 15,000 crore for Digital India initiatives
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right