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Revised new rules and regulations for debit cards effective from today (1st October)!

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Posted on : 01/Oct/2020 11:57:30 AM



 
 
 
The new guidelines and regulations proposed by the Reserve Bank of India on use of credit and debit cards is being implemented throughout the country from today (Thursday, 1st October).

According to the latest revised rules and regulations, the credit cards and debit cards throughout the country can be used only in ATMs (Automatic Telling Machines) and PoS (Point of Sales) devices. For usage in foreign countries, prior permission must be obtained from the banks.

Permission has been given to the customers to decide the upper limit of usage on their own!

Further, the selection of new services or withdrawal from existing used services, international transactions and unconnected transactions can all be registered by the credit/debit card customers.
 
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