“Effective 27 April 2021, we have temporarily discontinued: (i) new member sign-ups for Amazon Prime Free Trial and (ii) new member sign-ups for Monthly Prime Membership until further notice”, the corporate says in its help web page.
The price of Amazon Prime subscription begins at Rs 129 per 30 days. While the three-month and annual subscriptions price Rs 329 and Rs 999, respectively. With the brand new RBI mandate, Rs 129 pack will not be accessible. Users should select from Rs 329 and Rs 999 Prime membership subscription plans. Amazon has suspended free trials as nicely.
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The new RBI mandate requires banks and monetary establishments to implement a further issue of authentication (AFA) to be able to course of recurring on-line transactions. RBI has set September 30 because the deadline for its implementation. In its help web page, Amazon says that efficient April 1 2021, banks might not have the ability to course of any new requests for automated funds in your credit score / debit playing cards.
However, they will “continue enjoying Prime membership benefits by renewing / signing up for the Three Month or Annual Prime Membership”.
As per RBI pointers, transactions as much as Rs 5,000 would require AFA authentication. The preliminary deadline for the framework implementation was August 2019. But it was prolonged to September 30, 2021.