RBI Governor Shaktikant Das Friday changed the rules related to credit and debit cards. These rules will be applicable in the entire country from 1 January 2021.
Indian company RuPay issued contactless debit and credit cards under One Nation One Card scheme in the country .. With the help of these cards you can easily pay from public transport to shopping malls. At the same time, Reserve Bank of India (RBI) Governor Shaktikanta Das made a big change in the contactless card payment rule on Friday. Under which, now you can easily make a payment of up to 5 thousand rupees from contactless debit and credit cards without any PIN. This facility will be applicable across the country from 1 January 2021. Tell you that till now only maximum 2 thousand rupees could be paid without PIN without contactless debit and credit cards.
How is contactless debit and credit card This card powered by RuPay can be used as a National Common Mobility Card. Let us tell you that this card is like a smart card. Let us tell you that a similar card runs in the Delhi Metro, which you recharge and can travel in the metro. Now all the banks of the country, RuPay, who will issue new debit and credit cards, will have the National Common Mobility Card feature. It will work like any other wallet.
Indian company RuPay issued contactless debit and credit cards under One Nation One Card scheme in the country .. With the help of these cards you can easily pay from public transport to shopping malls. At the same time, Reserve Bank of India (RBI) Governor Shaktikanta Das made a big change in the contactless card payment rule on Friday. Under which, now you can easily make a payment of up to 5 thousand rupees from contactless debit and credit cards without any PIN. This facility will be applicable across the country from 1 January 2021. Tell you that till now only maximum 2 thousand rupees could be paid without PIN without contactless debit and credit cards.
How is contactless debit and credit card This card powered by RuPay can be used as a National Common Mobility Card. Let us tell you that this card is like a smart card. Let us tell you that a similar card runs in the Delhi Metro, which you recharge and can travel in the metro. Now all the banks of the country, RuPay, who will issue new debit and credit cards, will have the National Common Mobility Card feature. It will work like any other wallet.
to get card-You will have to contact your bank to get this card. Apart from these being available in 25 banks, this card is also issued by Paytm Payment Bank. This card gets 5 percent cashback when used at ATM and 10 percent cashback when you pay at a merchant outlet while traveling abroad. Apart from Discover and Diners Club International merchants, this card of RuPay is also accepted at ATMs abroad. This card provides 25 banks across the country including SBI, PNB.
How do they work- A special mark is made on all these cards. At the same time, they are used on payment machines. A special sign () is also made there. The card will have to be placed or shown at a distance of about 4 centimeters on this machine and money will be deducted from your account. There will be no need to swipe or dip the card, nor will the PIN be entered.
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PIN and OTP required for more payment – After January 1, only PIN or OTP will be charged for payment of more than 5 thousand rupees. That is, if your card is received by someone else, then he can shop for at least 5 thousand rupees at a time. It is possible that by the time you get to know it, he may have blown more money from your account.
Question- What if my card is lost and someone is found?
Answer- A senior official of the government bank told News18 Hindi that in this situation, you have to inform the bank immediately and get the card blocked. If someone has done the shopping before coming to your information, the bank will make up for the loss.
Question – Will the card be paid after passing through the machine?
answer- Experts say that there should be a distance of 4 centimeters between the card and the machine, only then the payment is made. Keep the card in the pocket will not pay automatically.
Anand Mahindra has also expressed concern – Mahindra Group Chairman Anand Mahindra tweeted a video in the year 2018, in which a person was secretly touching the machine on the card held in the back pocket of another person and showing the payment. . Mahindra wrote ‘Is it possible? This is intimidating.
In response to Mahindra’s tweet, Visa South Asia Country Head TR Ramachandran wrote, ‘This cannot happen. Those who do such tricks can be punished.
