Important Information From IndusInd Bank: New RBI Guidelines On Recurring Payments

Important Information From IndusInd Bank: New RBI Guidelines On Recurring Payments

What is the impact of new RBI guidelines on my current Standing instruction (SI) set up on my cards?

We may have allowed merchants to auto-charge our Credit Card / Debit Card on a recurring basis for services such as Netflix, Postpaid mobile, Insurance payments, etc. These recurring payments will not get through for merchants not compliant with RBI conditions from 1st Oct’21 onwards.

However, the given list of merchants is compliant, re-registration is required:

  • Netflix
  • Hotstar
  • Max Life Insurance
  • Amazon Prime
  • Policy Bazaar
  • HDFC ERGO General Insurance
  • Google India
  • Vodafone
  • Bajaj Allianz General Insurance

What shall I do for my bill payments?

We have introduced 17,000+ billers on our bill payments platform.

For checking your existing billers or adding new billers:

Go To IndusMobile

Go To IndusNet

For FAQs on new RBI guidelines on recurring payments, please click here

Assuring you of our best-in-class services at all times.

Warm Regards,
Team IndusInd Bank

Dhanraj Sharma

Dhanraj Sharma is CEO of Tax Concept. He is on a Mission to Educate and Empower 10,000+ Professionals across the Country.

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