RBI's new debit card, credit card rules to be effective from October 1: All you need to know

Name: RBI's new debit card, credit card rules to be effective from October 1: All you need to know
Uploaded: 2020-10-01T18:35:00+05:30

In an apparent attempt to make digital payments using debit cards and credit cards more secure, several new guidelines have been issued by Reserve Bank of India (RBI) that will come into effect from October 1, 2020. The RBI had directed all banks to not unnecessarily give international facilities to customers' cards, unless the customer himself demands it. The move is aimed to stop increasing fraud transactions using debit and credit cards.