New Delhi: The Reserve Bank of India (RBI) is going to change the rules related to debit and credit cards. This change will take effect from 30 September 2020.
If you are a debit and credit card holder, you need to know the rules. These changes allow you to connect to international transactions, online transactions and contactless card transactions. However, changes to the rules were to take place in the first quarter of the year.
But the epidemic was avoided because of Covid 19. The RBI's deadline was set for September 30. The new incarnation of your Whali car Maruti Alto is coming, find out how much it will cost It will be decided that after the change in the priority of transaction rules, customers will have to set their own priority for transactions with international transactions, online transactions and contactless cards.
Allowing Domestic Transactions The RBI has asked banks to allow domestic transactions to customers when issuing debit and credit cards. This means that if there is no need to withdraw money from the ATM machine and foreign transaction will not be allowed for PoS terminal shopping. After 3 days of sharp fall in gold and silver prices, customers will be able to decide their own needs after the new rules come into force.
He will also get the service on the card according to what type of transaction he needs. This means that customers can decide whether they want a domestic transaction with their card or an international transaction, at any time. And it will also be up to him to decide which service to activate and which to deactivate.
Pay by Clock Now Not Debit Card, Customer can change this amazing feature by launching SBI. This facility will be available 24 hours and seven days. Simply put, you can now set your ATM card anytime by going to the mobile app, internet banking, ATM machine, anytime through IVR. The new rules from RBI will be applicable to debit and credit cards from September 30, 2020.
