5 changes to debit, credit card, online transactions from Mar’ 16

1. All debit and credit cards that have been newly issued or reissued as of 16 March 2020. It will only be made available for domestic transactions at ATMs and point of sale terminals.

2. Cardholders need to request the issuing bank to allow facilities such as online transactions and contactless transactions.

debit card

3. Customer has to request the bank to allow international transactions for use his or her cards in international destinations,

4. In the event that a card has not been used for online transactions, international transactions and contactless transactions, the bank has the option to disable these options.

5. Banks will have the right to deactivate current card and reissue them on the basis of risk perception.

debit card transaction

Recent Post:-