EduTechVlogs

RBI New debit card, credit card rules: The new RBI guidelines for credit and debit cards hold significance because of the rising instances of online fraud cases and are aimed at making debit and credit cards more secure, reliable and curb any misuse. All new credit and debit cards issued by the banks will be only enabled for domestic transactions at ATMs and point of sale (PoS) terminals. All the debit card and credit card users from now on are allowed to set up transaction limits. Card users now have an option to opt-in or opt-out of services on their credit/debit cards such as online transactions (e-commerce), international transactions, and contactless transactions (NFC-based). RBI has asked all the banks and card issuing companies to disable online payments for all those debit and credit cards which have never been used for online or contactless transactions in India or abroad. Those who are looking to opt-in or make any changes to their existing debit/credit cards can do so by hea...