RBI Digital Payment Rule: There is a discussion going on among the people regarding the new payment rules issued by the Reserve Bank of India (RBI). Many people are especially worried about the time lag of 1 hour for transactions of more than Rs 10,000. However, a very useful feature “Whitelisting” has been included in this entire system, which makes it even easier.

What is whitelisting?

Now let us know what whitelisting is after all, so whitelisting is a kind of fixed list, in which you can add those contacts or accounts to which you often send money. This can include family members, friends and recipients of essential bill payments like electricity and water. If any payment is being made to a whitelisted person, even if the amount is more than Rs 10,000, a delay of 1 hour will not be applied and your money will be transferred to that person immediately. This feature of RBI has solved the problems of many people.

Trusted payment list is created with user’s permission

Let us tell you that the process of whitelisting is completely based on the consent of the customer. The user can decide through his bank app or digital platform who to include in this protected list. Also, this selection by the bank has been done completely with the permission of the customer. The greatest need for this feature is felt when there is a need to send money immediately in an emergency, such as a medical emergency or payment of school fees. In such times, payment is completed without any delay through whitelisting.

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