Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 19 MAY 2026

RBI Notifies Digital Payments – E-Mandate Framework, 2026

Sagus Legal
Sagus Legal
Contributor
Sagus Legal

Sagus Legal

We are a full-service law firm providing comprehensive legal advisory and advocacy to clients. Our...

View firm profile
Explore more from Sagus Legal

The Reserve Bank of India (“RBI”), by notification dated 21.04.2026 , has notified the Digital Payments – E-mandate Framework, 2026 (“DP Directions”) to consolidate all circulars pertaining to e-mandates.

IndiaFinance and Banking
Sagus Legal LLP
Sagus Legal LLP

The Reserve Bank of India (“RBI”), by notification dated 21.04.20261 , has notified the Digital Payments – E-mandate Framework, 2026 (“DP Directions”) to consolidate all circulars pertaining to e-mandates.

The salient features of the DP Directions are as follows:

i. Applicability: The DP Directions shall be applicable to all payment system providers and payment system participants in respect of processing of recurring transactions, whether domestic or cross-border, using cards, prepaid payment instruments, and unified payments interface.

ii. Registration and revocation of e-mandate: A customer opting for the e-mandate facility shall complete a one-time registration process, which shall be validated through additional factor of authentication (“AFA”), in addition to the normal process required by issuer. The issuer shall specify the validity period of every e-mandate and shall provide the customer with a facility to modify or withdraw the e-mandate at any time. The issuer shall

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Banking & Finance Updates September 2026

In August 2026, the Reserve Bank of India (RBI) released the draft Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026, proposing a comprehensive framework for the way regulated entities determine and apply interest rates on loans. While the Indian banking sector has long operated under a patchwork of institution specific instructions, the draft Directions seek to bring much-needed consistency to interest rate regulation across banks, cooperative banks, regional rural banks (RRBs), all-India financial institutions and NBFCs. If finalised in their present form, the Directions will come into effect from 1 April 2027.
IndiaFinance and Banking
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

A Guide To Insider Trading Laws In India!

In the world of finance, the term insider trading often evokes images of shady deals and hidden agendas. But what exactly is insider trading? Why is it illegal, and how do laws in India seek to prevent it? Let's dive into this intriguing subject, simplifying the complexities surrounding insider trading laws in India, while exploring the impact of these laws on the financial markets and their role in maintaining fairness.
IndiaFinance and Banking
MZM Legal, Advocates & Legal Consultants
MZM Legal, Advocates & Legal Consultants
Article

Can A Legal Heir Claim An FD Without Being Named As A Nominee? Here's A Guide

When a fixed deposit (FD) holder dies without naming a nominee, families often assume the money is stuck or lost in legal complexity. Indian banking rules allow legal heirs to claim such deposits, provided they submit the right documents and follow the due process. Understanding this distinction is crucial, especially as a large number of deposits remain unclaimed each year due to a lack of awareness.
IndiaFinance and Banking
Foresight Law Offices
Foresight Law Offices
Article

Supreme Court Clarifies Applicability Of SARFAESI Remedies For A Secured Creditor Who Acquires An NPA From A Non-notified NBFC

In Kotak Mahindra Bank Limited v Trupti Sanjay Mehta and Others, 2026 INSC 943 (Kotak Mahindra), the Hon’ble Supreme Court of India considered whether a bank as defined under Section 2(1)(c) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) could invoke the provisions of the SARFAESI Act to recover a secured debt acquired from an entity which was not covered under the ambit of the SARFAESI Act at the time of disbursement of the loan.
IndiaFinance and Banking
Khaitan & Co.
Khaitan & Co.
Article

Maharashtra Introduces A Dedicated Stamp Duty Regime For Bank And Financial Guarantees

The Maharashtra Stamp (Fourth Amendment) Act, 2026 introduces a new dedicated stamp duty framework for financial and bank guarantees in Schedule I of the Maharashtra Stamp Act, 1958. This amendment establishes differentiated duty rates based on guarantee value and type, addressing long-standing ambiguities in how such instruments were previously taxed under generic security bond provisions. The reform has significant implications for banks, NBFCs, and entities dealing with government contracts, though quest
IndiaFinance and Banking
Acuity Law
Acuity Law
Article

Received A DRT / Sarfaesi Notice? A Borrower’s And Guarantor’s Guide To Response Timelines And Defences

The Debts Recovery Tribunal, also known as DRT, follows certain rules which relate to the time limits mentioned in the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act or the Act). These limits are not merely procedural requirements and instead are factors which influence the right of the borrower or guarantor depending on the stage of recovery proceedings in question.
IndiaFinance and Banking
Maheshwari & Co. Advocates & Legal Consultants
Maheshwari & Co. Advocates & Legal Consultants
Article

Supreme Court Affirms That Cheque Dishonour Complaints Cannot Be Quashed At The Pre-trial Stage Once Ingredients Of Section 138 Of The NI Act Are Satisfied

The Supreme Court through its judgement dated 07.04.2026 in Renuka v. the State of Maharashtra & Anr. affirmed that where the basic ingredients of an offence under Section 138 of the Negotiable Instruments Act, 1881 are satisfied, the complaint cannot be dismissed at the pre-trial stage on the ground that the cheque was not issued towards a legally enforceable debt.
IndiaLitigation, Mediation & Arbitration
Sagus Legal
Sagus Legal
Article

Supreme Court Holds That Electricity Utilities Are Governed By The Rule Of Strict Liability, And Not Absolute Liability, In Claims Arising Out Of Electrocution

The Supreme Court of India, through its judgment dated 12.08.2026 in Karnataka Power Transmission Corporation Limited v. Rekha and Others , set aside concurrent orders of the High Court of Karnataka which had fastened absolute liability upon the Karnataka Power Transmission Corporation Limited (“KPTCL”) in respect of two electrocution incidents.
IndiaEnergy and Natural Resources
Sagus Legal
Sagus Legal