Your debit, credit cards may stop working from today
The Reserve Bank of India has recently introduced a host of new measures
These changes are being done to curb banking fraud and misuse of cards.
All the new debit and credit cards will only be enabled at ATMs and point of sale terminals.
For online transactions, the cardholder would need to approach the bank.
All new debits and credit cards, including those which are reissued will be affected
At the time of issue/re-issue, all cards shall be enabled only at contact based points of usage within India
Cardholders need to approach their bank to enable any other facilities
Online, international and contactless transactions will need approval by the bank
These services won’t be available by default any more.
