All new cards, including reissued ones, would only work in India
Customer has to request to bank if wanted to use overseas
Contact less cards (NFC based) will be disabled by default, if needed Customer has to request to bank
These measures will be applied by RBI from March 16th
That’s great news.. Many bank provide option to disable overseas transactions but not many people aware of that
A small correction: All new/re-issued cards will work only in ATMs/PoS(non-contact less) in India & customer has to manually enable international transactions(online/offline) as well as contact-less payment using netbanking/mobile app/IVR/customer care. All existing cards which have never been used for international or contact-less payments will also be disabled for these types of transactions but those that have done done such transactions in the past will remain enable for these transaction types. Every customer will get an option to disable/enable these features though.
