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RBI lifts OTP free auto debit caps for bills SIPs and insurance up to ₹15000
Economy
Published on 25 April 2026
Insurance and mutual fund SIPs get a much bigger buffer
The RBI has updated India’s e-mandate framework, effective immediately, raising the OTP-free limit for auto-debit recurring payments to ₹15,000. Utility bills and EMIs now face less friction, while key commitments like insurance premiums and mutual fund SIPs are protected with a higher ₹1 lakh threshold, reducing the risk of missed payments and lapses.
- OTP-free auto-debit threshold raised to ₹15,000
- Utility bills and EMIs now see fewer authentication hurdles
- Insurance premiums and SIPs protected up to ₹1 lakh
- New e-mandate framework takes effect immediately
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic