Wednesday, September 29, 2021

W.e.f. 1st Oct, new rules for recurring payment via cards. Read details

HDFC BANK

Read details
Important - About recurring e-Mandate on your Credit/Debit Card
Dear Customer,
To safeguard consumers, the Reserve Bank of India (RBI) has put in place new safety and security measures for card payments.
While HDFC Bank is ready with system developments, most merchants are not ready yet. Merchants ready with the development & routing compliant Standing Instruction transactions will be honoured by the Bank for transactions < 5,000/- without OTP and > 5,000/- with OTP, by way of a pre-debit notification.
Bank will however decline non-compliant Standing Instruction transactions initiated by merchants w.e.f. 1st Oct'21.
Here are a few alternate solutions to make your payments:
Option 1:
You can make the payment on Merchant Website/App with your HDFC Bank Credit/Debit Card and authenticate the transaction with OTP.
Click here to know more
Option 2:
You can use our Netbanking portal to register your Electricity / Water / Gas / LPG / Landline telephone / Postpaid mobile / DTH / Broadband / Insurance billers for recurring payments via our BillPay / SmartPay service.
What's more?
If you set auto-pay (Standing Instructions) on Debit & Credit Cards via BillPay, you can get 5% CashBack max up to Rs 1800/- over the next 12 months and Gift Vouchers up to Rs. 800/- worth Gift Vouchers. T&C apply.
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Thank you for Banking with HDFC Bank.

We regret the inconvenience caused, if any.
Warm Regards
HDFC Bank
*For India's No.1 Bank disclaimer, click here
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