Amazon Prime’s Rs 129 monthly subscription was discontinued by the e-commerce platform earlier this year. The monthly Prime subscription is back in India. The most affordable plan can now be purchased but with certain limitations.
Since the Amazon Prime Rs 129 monthly subscription was removed by the company there were only three months and annual plans available. But now the e-retailer has reinstated the monthly plan.
Those who are unaware of the monthly plan for Amazon Prime, which costs Rs 129, was removed earlier this year after RBI rolled out new guidelines for the implementation of an additional factor of authentication for recurring online payments.
But now the Amazon customers have the choice to select between three subscriptions for the Prime membership: a monthly plan for Rs 129, a three months plan that costs Rs 329 and an annual pack for Rs 999 in India.
Amazon will be accepting all electronic payments modes for both three months and yearly plans, while on the other side, the Amazon Prime Rs 129 monthly subscription can be bought with only credit or debit cards.
Interested ones can only buy the affordable Amazon Prime monthly subscription through banks that have complied with RBI’s e-mandate guidelines. In addition to this, the e-commerce website has also temporarily discontinued new member sign-ups for Amazon Prime Free Trial until further notice. The users can continue to avail of Prime membership benefits by manually renewing/signing up for the Monthly, Three Month or Annual Prime Membership.
The company’s T&C says, “Please note that effective 1 October 2021, your bank may not be able to process any requests for automated payments on your credit/debit cards unless it complies with RBI’s e-mandate guidelines. Therefore, we have temporarily discontinued new member sign-ups for Amazon Prime Free Trial until further notice. You can continue enjoying Prime membership benefits by manually renewing/signing up for the Monthly, Three Month or Annual Prime Membership here. Effective 1 October 2021, the update under this notice will supersede any conflicting positions in the Prime T&Cs below.”
RBI permits the processing of e-mandate on cards for recurring transactions (merchant payments) with AFA during e-mandate registration, modification and revocation, as also for the first transaction, and simple/automatic subsequent successive transactions. This is applicable for transactions performed using all types of cards – debit, credit and Prepaid Payment Instruments (PPIs), including wallets.
According to RBI’s e-mandate, the maximum permissible limit for a transaction under this arrangement shall be ₹ 5,000. Transactions above this cap shall be subject to AFA also known as an additional one-time password (OTP).
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