RBI's Card Tokenisation Rule Current Affairs, GK & News

RBI extends deadline for tokenisation of debit and credit cards

Reserve Bank of India (RBI) has extended the timeline for tokenisation of debit and credit cards by three months. Tokenisation can now be done till September 30, 2022. Key Points This decision was taken in consultation with stakeholders, in order to avoid disruption and inconvenience to cardholders. Earlier, June 30, 2022 was the last date ..

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What is RBI’s Card Tokenisation Rule?

Reserve Bank of India (RBI) recently extended the deadline for complying with the card information storage rules by another six months. Key Facts Deadline was extended because merchants and payments companies expressed their inability to comply with the December 31 deadline. RBI took this decision as industry bodies had requested the central bank to extend ..

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