Amazon has informed on its support page that the monthly subscription and one month free trial have been completely stopped.
Amazon prime
Online e-commerce platform Amazon has discontinued the Monthly Prime Membership in India. According to its update support page, the company will now offer only three-month and annual prime memberships. These new rules follow an order issued by the Reserve Bank of India (RBI) which has come into force from 27 April.
The company said in its support page that, “We have temporarily closed since April 27, 2021: (i) New Member Sign-ups for Amazon Prime Free Trial (ii) New Members for Monthly Prime Membership until further notice.” Sign-up has been discontinued. “
Amazon Prime subscription price
Talking about the subscription of Amazon Prime Membership, the monthly subscription costs Rs 129. At the same time, the price of a three-month subscription is Rs 329 and the cost of an annual subscription is Rs 999. According to the RBI order, a pack of Rs 129 will no longer be available. Users will have to take a plan of only 329 rupees or 999 rupees. Amazon has also suspended the free trial.
What is the new RBI order
Explain that according to the new order of RBI, banks and financial institutions will have to implement Additional Factor Authentication (AFA) for recurring online transactions. The RBI has set the last date of September 30 to implement it. Amazon said in its support page that it will be affected from 1 April 2021. The bank will not be able to process new requests for automated payments on your credit or debit cards.
However, users can enjoy Prime Membership for three months or by signing up for Annual Prime Membership. 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 till 30 September 2021.
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