Tuesday, December 3, 2013

Banks cap foreign spends on cards to check frauds

...........In the last couple of weeks, a few foreign and domestic banks sent text messages or e-mails to their card customers, informing them their cards would have limits for international transactions. These limits, however, will only be applicable for foreign transactions and will not impact any spending done within India. Customers have also been allowed to increase or decrease the cap by contacting their respective banks............

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