Guidelines for issue of debit cards by banks

Guidelines for issue of debit cards by banks https://www.taxtmi.com/news?id=4252 Banks may issue debit cards, including co-branded debit cards, without prior Reserve Bank approval provided issuance follows a Board-approved policy, only online immediate-debit cards are issued, offline cards are phased out, and banks comply with KYC/AML/CFT norms, clear contractual terms, security obligations, customer notification mechanisms, liability limits, due diligence on co-branding partners, and DPSS/FEMA directions as applicable. en-us Thu, 13 Dec 2012 10:05:05 +0530 Thu, 13 Dec 2012 10:05:05 +0530 TaxTMI RSS Generator Guidelines for issue of debit cards by banks https://www.taxtmi.com/news?id=4252 Banks may issue debit cards, including co-branded debit cards, without prior Reserve Bank approval provided issuance follows a Board-approved policy, only online immediate-debit cards are issued, offline cards are phased out, and banks comply with KYC/AML/CFT norms, clear contractual terms, security obligations, customer notification mechanisms, liability limits, due diligence on co-branding partners, and DPSS/FEMA directions as applicable. News - Thu, 13 Dec 2012 10:05:05 +0530 https://www.taxtmi.com/news?id=4252