Reserve Bank of India had issued new rules for Debit and Credit cards.

The notification circulated by the Reserve bank of India (RBI) confirms that it had issued new rules for Debit and Credit cards.

The notification circulated by the Reserve bank of India (RBI) confirms that it had issued new rules for Debit and Credit cards.On 15 January 2020, the RBI had issued a new set of rules to improve user convenience and increased security for debit and credit card transactions. It will help in suppressing the misuse of debit/ credit cards and reduce frauds. These rules came into force from 16 March 2020.

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