RBI new Debit, Credit card rules: Use your Credit/Debit Card before 16th March at Online Merchant/POS
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Debit and Credit cardholders, who have never used their cards for online transactions,
In case any Debit and Credit cardholders has not used their cards for any online transactions till now, then the online payments facility will be blocked, after March 16th.
“Existing cards that have never been used for online/international/contactless transactions shall be mandatorily disabled for this purpose," RBI said in a statement.
In short, after March 16th, any debit or credit card can be blocked for online services.
Once blocked, the cardholder will need to reapply for a cashless payment feature on the debit/credit card. This blocking of debit/credit cards will begin after March 16th.
If a customer wishes to use these facilities, then they will have to apply to the bank for the same.
The new provisions will be mandatory for prepaid gift cards and those used as mass transit systems.
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Plz correct the title
Ok done
@rogerthat Is this real fact ?
Which is the safest site which does not store card details (like paytm) to use all unused CC/DC for Rs.10-Rs.100?
Use to load money in amazon pay or paytm wallet.
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Once blocked, the cardholder will need to reapply for a cashless payment feature on the debit/credit card. This blocking of debit/credit cards will begin after March 16th.
“cashless payment feature”
Delete this post – or you better understand what RBI wants to say