New debit and credit card rules: Switch on, off your card, set your own limit (Business Opportunities - Other Business Ads)

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Item ID 130947854 in Category: Business Opportunities - Other Business Ads

New debit and credit card rules: Switch on, off your card, set your own limit


Amid increasing bank fraud cases, the Reserve Bank of India (RBI) has introduced several new measures to secure debit and credit cards. As of March 16, all new debit and credit cards issued by banks will be enabled only for domestic transactions at ATMs and point of sale (PoS) terminals. If the customer wants to use the card for online transactions, the cardholder must contact the bank. The regulator has also issued a series of new regulations to curb the misuse.

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Target State: All States
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Last Update : Sep 01, 2020 7:13 AM
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Item  Owner  : B2B
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