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New rules for debit, credit cards by RBI for enhancing security, applicable from March 16, 2020

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(G.N.S) Dt. 17 Mumbai The Reserve Bank of India has issued new rules to increase the security of card transactions and improve user convenience. These directions have been issued under Section 10(2) of the Payment and Settlement Systems Act, 2007 and will come into effect from March 16, 2020. Card issuers need to give cardholders the facility to switch on and off their debit or credit cards at any given

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