New debit card, credit card rules from October 1 - you will be affected: All you need to know
Updated: October 1, 2020 20:48 pm
Debit cards and credit cards rules to change: 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. The Reserve Bank of India has issued several new guidelines that will come into effect from October 1, 2020. Among these many guidelines, one pertains to using debit cards and credit cards. The new rules are aimed at making digital payments secure and safe for users.