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by Suryaa |
The Reserve Bank of India has taken another crucial step to bring relief to bank customers. It is learned that RBI has introduced a new rule called tokenization of cards so that customers entering online transactions can enter their credit and debit card details every time. This provision is to come into force from January 1st.
However, the Reserve Bank of India has recently extended the deadline by another six months. The decision was taken by the authorities in the wake of the perception that small firms and traders were not ready despite banks being prepared to switch to tokenization rules.
