Use these debit, credit cards before March 16 e...

Use these debit, credit cards before March 16 else they will get permanently disabled

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Use these debit, credit cards before March 16 else they will get permanently disabled

Use these debit, credit cards before March 16 else they will get permanently disabled

The RBI has asked customers to use their cards for online and contactless transactions before March 16 if they want to retain these services.

https://www.indiatoday.in/business/story/rbi-no...

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25 Comments  |  
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Only those cards which are never been used.

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Banks should send SMS/E-Mail regarding this but none of the banks did this so I think maybe this has been withdrawn…

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Sushrut.B wrote:

Banks should send SMS/E-Mail regarding this but none of the banks did this so I think maybe this has been withdrawn…

No,my guess is that only those customers will get msg who have never used their card for any online or contactless transaction & I don’t think anyone here fits in such category or for that matter most of the usual debit card users.

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guest_999 wrote:

No,my guess is that only those customers will get msg who have never used their card for any online or contactless transaction & I don’t think anyone here fits in such category or for that matter most of the usual debit card users.

I have 3 ICICI credit cards…I have never used my MMT Platinum card…I also have never used my Kotak 811 Classic physical debit card…

I have not received any SMS/E-Mail from ICICI or Kotak regarding this, that’s why I said so…

I have total like 17 cards (credit+debit cards) & I have never used the above two cards because I didn’t need to…

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It’s online or offline right? I have some cards which i use online only.

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Aajkal market mein news se jyada fake news hai…

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Sushrut.B wrote:

I have 3 ICICI credit cards…I have never used my MMT Platinum card…I also have never used my Kotak 811 Classic physical debit card…

I have not received any SMS/E-Mail from ICICI or Kotak regarding this, that’s why I said so…

I have total like 17 cards (credit+debit cards) & I have never used the above two cards because I didn’t need to…

Itne cards to mukesh ambani ke pas bhi nahi honge. stuck_out_tongue_winking_eye 

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AatmaNirbhar wrote:

Itne cards to mukesh ambani ke pas bhi nahi honge. stuck_out_tongue_winking_eye 

Kyonki unke ek hi card mein arbo honge toh multiple cards hold karne ki jarurat nhi unhe… smile grinning

Jokes apart, I’m a card freak & have the hobby of collecting credit cards… stuck_out_tongue

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suman1520 wrote:

Aajkal market mein news se jyada fake news hai…

Yes I also think this is fake because there is no official confirmation of the same by any bank or RBI yet….

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@Tejaa jalsa lo shivaji character introduce chesinappudu cards anni choopistaadu gaa aaa gif veyyi

T: you will see once posted

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Sushrut.B wrote:

Yes I also think this is fake because there is no official confirmation of the same by any bank or RBI yet….

In a notification issued by the Reserve Bank of India on January 15, the apex bank had announced the move.

The notification asked all card issuers, including banks, to disable online transactions and contactless payment services of all credit and cards that had never been used before. It had given the cardholders time till March 16 to use their debit and credit cards for online and contactless transactions if they didn’t want them to be permanently blocked.

https://www.businesstoday.in/sectors/banks/aler...

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desiman wrote:

In a notification issued by the Reserve Bank of India on January 15, the apex bank had announced the move.

The notification asked all card issuers, including banks, to disable online transactions and contactless payment services of all credit and cards that had never been used before. It had given the cardholders time till March 16 to use their debit and credit cards for online and contactless transactions if they didn’t want them to be permanently blocked.

https://www.businesstoday.in/sectors/banks/aler...

So banks charge if we ask them after disabling…

Wow…wonderful way to loot millions.

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suman1520 wrote:

Aajkal market mein news se jyada fake news hai…

https://rbidocs.rbi.org.in/rdocs/Notification/PDFs/NT1428F92B2AAA61D4BDDBF00E9E3904093CA.PDF
(RBI/2019-20/142
DPSS.CO.PD No.1343/02.14.003/2019-20)
https://cdn0.desidime.com/attachments/photos/607475/original/6545738__page_01_of_the_RBI_Circular_number_142_in_FY_2019_2020_pertaining___Enhancing_Security_of_Card_Transactions.png
__page_01_of_the_RBI_Circular_number_142_in_FY_2019_2020_pertaining___Enhancing_Security_of_Card_Transactions.png
https://cdn0.desidime.com/attachments/photos/607477/original/6545738__page_02_of_the_RBI_Circular_number_142_in_FY_2019_2020_pertaining___Enhancing_Security_of_Card_Transactions.jpg
__page_02_of_the_RBI_Circular_number_142_in_FY_2019_2020_pertaining___Enhancing_Security_of_Card_Transactions.jpg

↕↕↕↕↕↕↕↕↕↕↕↕↕↕↕↕↕↕↕↕
https://m.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=11788

refer to the ⇗R.B.I. circular⇖ dated January 15, 2020

and
check/decide whether usability of your debit card/s, credit card/s will be impacted, after March 15, 2020
~
http://livemint.com/news/india/never-used-your-credit-debit-cards-for-online-purposes-they-ll-be-disabled-by-16-mar-11583577294315.html

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Sushrut.B wrote:

I have 3 ICICI credit cards…I have never used my MMT Platinum card…I also have never used my Kotak 811 Classic physical debit card…

I have not received any SMS/E-Mail from ICICI or Kotak regarding this, that’s why I said so…

I have total like 17 cards (credit+debit cards) & I have never used the above two cards because I didn’t need to…

if you have never used those cards for online transactions then why worry about this at all. You will get an option to re-enable online use later even if it costs a bit.

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guest_999 wrote:

if you have never used those cards for online transactions then why worry about this at all. You will get an option to re-enable online use later even if it costs a bit.

Who said I’m worrying ?? I just said that the news is fake because there is NO official confirmation regarding this from any of the banks or from RBI…I don’t trust some random news sites which spreads fake news on daily basis…

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Just to be on the safe side though, I will do two 10 rupees top-ups with both the cards tomorrow…

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Sushrut.B wrote:

Who said I’m worrying ?? I just said that the news is fake because there is NO official confirmation regarding this from any of the banks or from RBI…I don’t trust some random news sites which spreads fake news on daily basis…

Fake news? This was reported in major news portals like ToI & it was even there in their printed editions. Anyway you don’t get more official than this:
https://www.rbi.org.in/Scripts/NotificationUser...

b) For existing cards, issuers may take a decision, based on their risk perception, whether to disable the card not present (domestic and international) transactions, card present (international) transactions and contactless transaction rights. Existing cards which have never been used for online (card not present) / international / contactless transactions shall be mandatorily disabled for this purpose.

4. These directions are issued under Section 10(2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007) and shall come into effect from March 16, 2020.

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guest_999 wrote:

Fake news? This was reported in major news portals like ToI & it was even there in their printed editions. Anyway you don’t get more official than this:
https://www.rbi.org.in/Scripts/NotificationUser...

b) For existing cards, issuers may take a decision, based on their risk perception, whether to disable the card not present (domestic and international) transactions, card present (international) transactions and contactless transaction rights. Existing cards which have never been used for online (card not present) / international / contactless transactions shall be mandatorily disabled for this purpose.

4. These directions are issued under Section 10(2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007) and shall come into effect from March 16, 2020.

I was not aware about this RBI link before…Was only seeing 3rd party links…

Like I mentioned before, I will do a 10-10 rupees mobile top-up using those Kotak debit card & ICICI MMT credit card so that they don’t get blocked…

Thank you for enlightening me… smile

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Sushrut.B wrote:

I have 3 ICICI credit cards…I have never used my MMT Platinum card…I also have never used my Kotak 811 Classic physical debit card…

I have not received any SMS/E-Mail from ICICI or Kotak regarding this, that’s why I said so…

I have total like 17 cards (credit+debit cards) & I have never used the above two cards because I didn’t need to…

Bhai kya CardBazaar dot com khole ho ghar per 😁😁😁

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why do people think news being published with notifications from RBI are fake rolleyes

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Sushrut.B wrote:

Who said I’m worrying ?? I just said that the news is fake because there is NO official confirmation regarding this from any of the banks or from RBI…I don’t trust some random news sites which spreads fake news on daily basis…

reminds one of http://google.com/search?q=कुएं+का+मेंढक...ry


@desiman .. because 🤦🏻‍♂️ignorance.. indeed is bliss 😊🖒

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desiman wrote:

why do people think news being published with notifications from RBI are fake rolleyes

The above post with rbi notification screenshot was not visible for some time as it went into moderation for new member so my post with rbi link appeared much earlier.

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