Questions

Can money be deducted from credit card without OTP?

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Can money be deducted from credit card without OTP?

Is it true that payment can be made from credit card without PIN or OTP? Yes. There is no need of PIN/OTP or any other type of password to make any payment from any credit card.

How do I stop a transaction on my credit card?

Stopping a card payment You can tell the card issuer by phone, email or letter. Your card issuer has no right to insist that you ask the company taking the payment first. They have to stop the payments if you ask them to. If you ask to stop a payment, the card issuer should investigate each case on its own merit.

How do you stop auto debit failure?

How to Prevent Auto-Debit Failure

  1. If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
  2. Recurring payments may not go through.
  3. Authenticate payments above Rs 5,000.
  4. What you should do.
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Can I block a vendor from credit card?

Yes, you can. Telephone and then write to the Card Issuer and tell them that the person has your details and they are not authorised to use the card. If the Issuer can’t do that, then they will cancel the card and issue a new one.

Can you block transactions from a company?

Give your bank a “stop payment order” Even if you have not revoked your authorization with the company, you can stop an automatic payment from being charged to your account by giving your bank a “stop payment order” . This instructs your bank to stop allowing the company to take payments from your account.

What is AFA in credit card?

According to the Reserve Bank of India’s (RBI’s) new guidelines, customers are required to carry additional factor authentication (AFA) on all recurring payments done through their debit cards, credit cards, UPI and prepaid payments instruments (PPIs).

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What is e mandate?

e Mandate is a payment service initiated by RBI and the National Payments Corporation of India (NPCI). So, essentially, e-mandates means that a customer has given permission to a business to collect recurring payments from their bank accounts. And, close on the heels of UPI, e Mandate / e-NACH is the latest step jump.

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