The subscription plan has been fairly cheap, at least in comparison to the likes of Netflix, offering different durations as well. The base duration of one month has been quite useful, but it will no longer be on offer. The company will be offering either a three-month or annual Prime membership. Why did the company remove the one month plan? Find out by reading ahead. The new guidelines from RBI ask banks and financial institutions to bring an additional factor of authentication for processing recurring online transactions, with the deadline for the same set for September 30. As of now, if a user wishes to join Prime, they can either purchase the three-month subscription, priced at Rs 329 or get the annual plan, priced at Rs 999. The new RBI framework, which was originally announced back in August of 2019, has been extended to September 30 of 2021. This deadline was extended to avoid any inconvenience to the user. In the beginning, RBI had issued the framework to roll out AFA for recurring transactions of up to Rs 2,000 in 2019 but later extended that rule to transactions of up to a limit of Rs 5,000 per transactions. Any transactions above the amount would require an OTP.
