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Amazon Cancels One-Month Prime Subscription in India Due to RBI Mandate, Discontinues Free Trial as Well | Due to new RBI rules, the company closed the monthly subscription plan, free trial sign-up will not be there.

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  • Amazon Cancels One Month Prime Subscription In India Due To RBI Mandate, Discontinues Free Trial As Well

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New Delhi32 minutes ago

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There is bad news for users taking Amazon Prime Membership. Actually, the company has canceled its monthly prime membership subscription. The company will now offer membership only on plans of 3 months or above. On the support page of the said that this decision has been taken due to the new rules issued by the Reserve Bank of India (RBI).

The company said that due to new regulations by the RBI, we have temporarily closed our Monthly Prime Membership from April 27. The rules have come into force from this date. For this reason, the company stopped these two services …

1. New members will not be able to sign-up on Amazon Prime Free Trial
2. New members will not be able to sign up for the Monthly Prime Membership

3 month or year plan will have to be taken

The monthly subscription of Amazon Prime Membership is priced at Rs 129. Its 3-month subscription is priced at Rs 329 and the annual subscription is priced at Rs 999. Due to the RBI order, a pack of Rs 129 will no longer be available. That is, users will now have to take a plan of Rs 329 or Rs 999. The accounts of the users who were able to access the free trial have been suspended.

New RBI order

  • The new rules were announced by the RBI in August 2019 and an extended deadline has been set for September 30 this year for banks and financial institutions. This deadline was extended to prevent any inconvenience to customers.
  • Traders, through various industry bodies, urged the RBI and the government to keep the proposed system, as it was believed to subscribe to auto-payment and over-the-top (OTT) platforms of mobile, utility, and other bills. Obstructs the fee.
  • In such a situation, the bank will not be able to process new requests for automated payments on your credit or debit cards. In such a situation, users will have to take Amazon Prime for three months or yearly memberships.
  • According to RBI guidelines, additional factor authentication will be required for transactions up to 5000. Earlier its deadline was kept in August 2019, but later it was extended to 30 September 2021.

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