New Delhi, Nov. 4 -- Have you enabled the autopay feature on your debit and credit cards? Are you planning to enable it soon? Then, it helps to know how it works. An autopay feature or e-mandate (referred to as SI or Standing Instruction in the bank's parlance) on your debit or credit card is a useful tool, especially if you have a lot of recurring payments every month that you tend to forget.

But the autopay feature works on clearly defined rules set by the RBI (Reserve Bank of India) that have been updated/modified from time to time. For instance, the autopay feature will not work if your credit card bill is over Rs.1 lakh.

Here is a guide on autopay rules and how they help you manage your regular payments seamlessly when used properl...