New RBI Rules for Processing Auto-Debits on Cards – All You Need to Know as a Business and Cardholder
RBI new guidelines for storage of payment system data
Payment Systems – Reserve Bank of India
Have you ever received an SMS from your bank about an auto-debit on your card, and you don’t remember what the auto-debit is for? If this problem resonates with you, then there is good news! The Reserve Bank of India (RBI) has introduced guidelines to card-issuing banks to regulate the usage of credit and debit cards for processing auto-debits.