Debit, credit cards to be disabled for online transactions if not used before

The Reserve Bank of India today has introduced new rules to enhance the security features of debit cards and credit cards. While issuing and reissuing the debit and credit cards, banks must ensure that all the debit cards and credit cards are enabled only for domestic transactions at ATMs and point of sale (PoS) terminals, RBI said in a notification.

Debit Card Holders Attention! SBI, PNB, HDFC, ICICI Banks to block ATM cards from 1st January 2020

Debit Card users alert! Are you debit card users of SBI, PNB, HDFC, ICICI, or other banks? Then this is important new for you! All public and private banks will block debit cards (ATM cards) which doesn’t have EMV (Europay, Mastercard and Visa) after 1st January 2020. Customers using non-EMV chip debit card may have to face a problem during money withdrawal from the ATM as your debit card may be blocked after 31st December 2019.