No one thought about creating a thread about this so here it is.
This thread is for discussing everything related to the new RBI regulations regarding recurring payments on your credit/debit cards.
How is it affecting you and what countermeasures have you taken to maintain recurring payments and the services affected.
Edit:
So, I received a mail from Spotify saying the following:
Here, they gave a list of cards which might be exempt from the RBI regulations somehow. Can any of you guys verify if this applies to all services?
I myself have a Citibank Visa credit card and it appears to work no issues.
This thread is for discussing everything related to the new RBI regulations regarding recurring payments on your credit/debit cards.
How is it affecting you and what countermeasures have you taken to maintain recurring payments and the services affected.
Edit:
So, I received a mail from Spotify saying the following:
Action needed: Update your payment method | |
Since October 1, 2021, your payment method is no longer supporting auto-renew subscription due to new payment regulations. |
If you'd like to continue automatically renewing your Spotify Premium subscription monthly, you need to switch to a card that supports recurring payments. Visa branded cards with these banks: AU Small Finance Bank (credit only) Axis Bank Bank of Baroda (debit only) Citibank (credit only) HDFC Bank ICICI Bank IDFC First Bank (credit only) IndusInd Bank (credit only) Kotak Bank Ratnakar Bank/RBL(debit only) State Bank of India (credit only) Yes Bank (credit only) Mastercard branded cards with these banks: Axis Bank (debit only) Citibank HDFC Bank ICICI Bank (debit only) IndusInd Bank (credit only) Ratnakar Bank/RBL (debit only) Yes Bank (credit only) All AMEX branded cards You also have the option to switch to one of our prepaid plans. Find out more here. | ||
You can see the most up-to-date list of cards supporting recurring payments here. We apologize for any inconvenience and appreciate your patience with these new regulations. If you have any questions, visit customer support. |
Here, they gave a list of cards which might be exempt from the RBI regulations somehow. Can any of you guys verify if this applies to all services?
I myself have a Citibank Visa credit card and it appears to work no issues.
Last edited: