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Instructions/Guidelines on Credit Card/Debit Card/Pre-Paid Card

Dated:- 5-12-2015 - Reserve Bank of India (RBI) through its Master Circular dated 1.12.2015 (available on its website www.rbi.org.in) has issued consolidated instructions/guidelines on credit card, debit cards/pre-paid card operations of banks. The said instructions contain detailed terms under which a debit card may be issued, inter-alia, advising banks as under: The terms shall put the cardholder under an obligation to take all appropriate steps to keep safe the card and the means (such as PIN .....

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