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Amazon discontinuesone-month Prime subscription plan worth Rs 129, will no longer offerfree trial Amazon Prime will no longer free trials and a one-month subscription plan costing Rs 129 to comply with RBI guidelines. Ankita Chakravarti | May 15, 2021 | Updated 17:35 IST Reuters Highlights OTT platform Amazon Prime will not allow users to buy the one-month subscription plan worth Rs 129. The company has also discontinued the free Amazon Prime trial pack as well. The RBI has ordered banks and financial institutions to add a factor of authentication to process recurring online transactions. ...

Amazon Prime Discontinues One-Month Subscription of Rs 129 and One-Month Free Trial There are currently only two plans available to new users: a three-month plan for Rs 329 and a yearly plan for Rs 999.   |  15 May 2021 2:02 PM GMT To comply with the Reserve Bank of India's new guidelines, Amazon Prime users will no longer be able to buy the Rs 129 one-month subscription plan, and the company will also discontinue the free Amazon Prime trial pack. To process recurring online transactions, the RBI has directed banks and financial institutions to add a factor of authentication with the deadl...

Highlights Mandate on recurring transactions. Additional Factor of Authentication for banks. New Delhi: The Reserve Bank of India (RBI) has extended the timeline regarding auto-debit payments for utility bills and over-the-top (OTT) subscriptions by six RBI had directed all banks including RRBs, NBFCs, and payment gateways to comply with AFA for automatic recurring payment by March 31, 2021, which the central bank has now deferred it till September 30.  The deadline on RBI's new rule on additional factor of authentication that requires banks to send a one-time password (OTP) to customers to ...

340 New Delhi The government on Wednesday extended the deadline for linking PAN with biometric Aadhaar by three months till June 30.The Income Tax Department said it had received representations from tax-payers that the last date for intimating the Aadhaar number may further be extended in the wake of the ongoing Covid-19 pandemic. PTI Mumbai Recurring transactions: RBI extends timeline The RBI on Wednesday extended the timeline by six months to comply with its guidelines related to recurring online transactions with Additional Factor of Authentication (AFA), but reprimanded players that the ...

The primary objective of the framework is to protect customers from fraudulent transactions and enhance customer convenience