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Policy on Phone Banking.
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....olicy on Phone Banking. <br>News and Press Release<br>Dated:- 27-4-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 27-April-2012 16:51 IST Policy on Phone Banking The....
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.... Reserve Bank of India (RBI) issued the guidelines for Mobile Banking transaction in October, 2008 which permit banks to provide mobile banking transactions. The guidelines also permit banks to extend....
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.... this facility through their business correspondents. Complaints/ grievances arising out of mobile banking facility are also covered under the Banking Ombudsman Scheme of RBI. The mobile banking guide....
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....lines were further relaxed in May, 2011 to permit mobile banking transactions without end to end encryption upto Rs. 5000/- and in December, 2011 to remove the transaction limit of Rs. 50,000/- per cu....
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....stomer per day. The RBI has framed separate policy for curbing the cases of misuse of credit cards. This includes the requirement of additional factor of authentication for online transactions/ inter....
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....active voice response (IVR) transaction, online alerts to the customers for all types of card transaction at all channels irrespective of the amount, mandatory pin validation after every successive tr....
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....ansaction at ATMs. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. ***** DSM/SS/SL<BR> News - Press releas....
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....e - PIB....