Скачать или смотреть Relief to Debit and Credit Card Holders || RBI New Guidelines 2021 || Hybiz News

The RBI has given yet another relief of six-months to debit and credit card customers who have given standing instructions to third-party service providers for bill payments. These recurring payments up to Rs 5,000 will continue to get debited, but only till September this year. As per RBI's direction, the third-party service providers and the reg ulated banks and card issuers have to integrate their technology systems to protect the interest of the customer who is often charged without any prior intimation or has to run around for refunds. The big private banks are already ready for the technology integration., but the hundreds of service providers like OTT players or utility companies and App-based Fintech players are yet not ready in terms of the technology as the e-mandate information has to flow from the service provider to the bank and vice-a-versa.
#RBI #DebitCard #CreditCard #Hybiz
RBI,Credit Card,Debit Card,Resservr Bank of India, OTT, Fintech,

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