Reserve Bank of India (RBI) has previously vide circular dated May 14, 2015 relaxed the requirement for Additional Factor of Authentication (AFA) for card transactions in contactless mode for values up to ₹ 2,000/- per transaction at Points of Sale (PoS) terminals. RBI has announced in the Statement on Developmental and Regulatory Policies dated December 4, 2020 that per transaction limit for AFA relaxation for contactless card transactions will be increased to ₹ 5,000/-.
Bharat Cleantech Manufacturing Platform to spur innovation, help India become global leader in sustainability
The launch of the Bharat Cleantech Manufacturing Platform will provide an opportunity for the Indian firms to collaborate, to co-innovate and will help provide a