Photo: The Financial Express
New Auto-Debit Payment Rules Applicable From Oct 1
New rules for auto-debit payments via credit and debit cards are set to come into force from October 1, where recurring auto-debit payments above ₹5,000 will require Additional Factor of Authentication (AFA). An OTP will have to be validated by a customer each time a payment is due. Customers will receive a pre-debit (SMS/e-mail) notification 24 hours before the payment.
Tags: Debit Card, Credit Card, Banking services
Courtesy: Livemint
Photo: The Economic Times
Bank Of Baroda To Launch Banking Services On WhatsApp
Bank of Baroda is going to launch its banking services on WhatsApp to make the services simple for its customers. The 24X7 services will include balance inquiry, cheque book request, debit card blocking, and information and registration of banking products. The customers have to send a ‘Hi’ on the bank’s WhatsApp Business A/c No. 8433888777 to inquire or initiate the service.
Tags: BANK OF BARODA, WhatsApp, Bank, Banking services
Courtesy: Moneycontrol
