As per RBI’s revised guidelines, customers do not need to enter UPI PIN to validate recharge transactions up to Rs 5,000.
Jio customers will now be able to pay for their recharge without remembering their recharge date or validity last date as the tariff plan chosen by the users will be auto-renewed on a fixed date. The National Payments Corporation of India (NPCI) on Thursday said that Unified Payments Interface (UPI) Autopay is now live on the MyJio app. Jio has become the first telecom operator to adopt the e-mandate feature launched by NPCI last year.
This will enable users to set standing instructions for their different tariff schemes on the MyJio app using UPI Autopay. As per RBI’s revised guidelines, customers do not need to enter UPI PIN to validate recharge transactions up to Rs 5,000. NPCI said, for UPI Autopay, users will also be able to create, revise and delete e-mandates for tariff plans as per their requirements.
RBI changes the standard for auto-debit transactions
From 1 October 2021, the Reserve Bank of India (RBI) changed the standard for auto-debit transactions. Users who have set up online membership or regular payments for their insurance premiums, rent, utility bills, or systematic investment plans (SIPs), may need to re-certify their payments as a result of the new requirements. As per the recommendations of the Central Bank, customers should use Additional Factor Authentication (AFA) on all recurring payments made with their debit cards, credit cards, UPI and prepaid payment instruments (PPIs).
Kunal Kalavatia, Head of Products, NPCI, said, “We are delighted to associate with Jio and see UPI Autopay enter the ever-evolving telecom sector. We are confident that this approach will transform the experience of Jio customers renewing their mobile tariff plans. With UPI Autopay, it is our endeavor at NPCI to provide all the customers with extra comfort and convenience for their recurring expenses and payments.”
Kiran Thomas, Director, Jio said, “The combination of Jio’s superior prepaid and postpaid plans and UPI Autopay will now be available to every Jio user. Jio users will no longer need to remember their recharge renewal date or bill payment date and make manual payments. This will enable an always on service experience for every Jio prepaid user.”
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