RBI has raised the Additional Factor of Authentication AFA limit of e mandates for transactions from...........

Current GK ( Master) Banking Awareness

RBI has raised the Additional Factor of Authentication (AFA) limit of e-mandates for transactions from Rs. 5,000 to ____________.

Rs 10,000

Rs 15,000

Rs 20,000

Rs 25,000

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Explanation:

The Reserve Bank of India (RBI) has 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 Unified Payments Interface (UPI) for recurring transactions.