Monday, December 2, 2013

Punching PIN must for debit card transactions from Dec 1


Debit card holders will from Sunday be required to punch in their PIN numbers every time they use the card, a move aimed at minimising frauds. In June, the Reserve Bank of India had extended the deadline for the implementation of mandatory PIN punching at Point-of-Sales (PoS) and merchant outlets till November 30 following representation of banks......


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